Report: Saints, Michael Thomas Agree to Restructured Contract

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Report: Saints, Michael Thomas Agree to Restructured Contract
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The Saints and wide receiver Michael Thomas agreed to a restructured contract that creates a potential deadline for the team to decide whether to bring him back next year

agreed to a restructured contract that creates a potential deadline for the team to decide whether to bring him back next year., New Orleans reduced Thomas’ 2023 base salary $15.5 million to $1.165 million and added a 31.755 million roster bonus for 2024 due on the third day of the 2023 league year. Therefore, if Thomas is on the roster on March 17, it would mean the team is committing to him for each of the next two years.

The restructured contract gives the team around $14 million more in financial leeway if Thomas does remain on the team for the 2023 season. Thomas’s contract effectively runs through 2024, with two void years added on the end that would not come into play.

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