Michael Thomas Agrees To Restructured Deal
2 years agoThe New Orleans Saints and wide receiver Michael Thomas agreed to a restructured contract on Friday, according to a source. Thomas, who is under contract through the 2024 season, had his base salary in 2023 reduced from $15.5 million to $1.165 million while adding a $31.755 million roster bonus for the 2024 league year that becomes fully guaranteed on the third day of 2023. He also received a signing bonus of $902,941 this week. It reinforces that any decision on Thomas' future with the team will be done expediently, as the Saints would be unlikely to move on from him if he remains on the roster once his massive roster bonus becomes guaranteed. It gives the Saints more flexibility and can allow Thomas to become a free agent earlier if the Saints cut him this offseason. Thomas set a single-season NFL record with 149 catches in 2019 but has played in just 10 games the last three years due to injuries.
Source: ESPN.com - Field Yates
Source: ESPN.com - Field Yates