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Saints No. 1 pick, DT Ellis, agrees to deal to end holdout

Updated: July 30, 2008, 12:45 PM ET
By John Clayton | ESPN.com

The New Orleans Saints had a breakthrough Tuesday night in negotiations with first-round draft pick Sedrick Ellis that allowed them to reach agreement on a five-year deal that could max out at $49 million, a source close to the situation told ESPN.com.

Saints general manager Mickey Loomis confirmed the deal but would not reveal financial terms for the linebacker out of Southern California.

"It's about time," said Loomis. "It took a little longer than it should have."

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