The Saints now face a deadline of March 17 to determine if Thomas stays and receives a roster bonus of $31.755 million
NEW ORLEANS - Wide receiver Michael Thomas has agreed to restructure his contract with the Saints, receiving a signing bonus of more than $900,000 and establishing a March 17 deadline for the team to decide if he remains in their plans for next season, according to an ESPN report on Saturday .
Thomas, who is under contract through the 2024 season, agreed to have his base salary for 2023 reduced from $15.5 million to $1.165 million, while adding a massive bonus if he remains on the Saints’ roster on St. Patrick’s Day. The new deal calls for Thomas to get a $31.755 million roster bonus for the 2024 league year that becomes fully guaranteed if he remains on the Saints roster on the third day of the 2023 league year , according to ESPN’s Field Yates.
The Saints and WR Michael Thomas agreed to a reworked contract that includes a $903K payment for him this week and sets the stage for the team to make a decision on his future early in the offseason. Details:
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