{"id":180002,"date":"2023-01-07T18:38:00","date_gmt":"2023-01-07T18:38:00","guid":{"rendered":"https:\/\/harchi90.com\/michael-thomas-agrees-to-restructured-deal-with-saints\/"},"modified":"2023-01-07T18:38:00","modified_gmt":"2023-01-07T18:38:00","slug":"michael-thomas-agrees-to-restructured-deal-with-saints","status":"publish","type":"post","link":"https:\/\/harchi90.com\/michael-thomas-agrees-to-restructured-deal-with-saints\/","title":{"rendered":"Michael Thomas agrees to restructured deal with Saints"},"content":{"rendered":"
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11:16 AM ET<\/span><\/span><\/p>\n
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Field YatesESPN Insider <\/span><\/p>\n
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Field Yates has previous experience interning with the New England Patriots on both their coaching and scouting staffs. A graduate of Wesleyan University (CT), he is a regular contributor to ESPN Boston’s Patriots coverage and ESPN Insider.<\/ul>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n
The New Orleans Saints and wide receiver Michael Thomas agreed to a restructured contract Friday, per a source, with an eye toward the upcoming league year.<\/p>\n
Thomas, who is under contract through the 2024 season, had his base salary in 2023 reduced from $15.5M to $1.165M while adding a $31.755M roster bonus for the 2024 league year that becomes fully guaranteed on the third day of the 2023 league year ( March 17, 2023). Thomas also received a signing bonus of $902,941 this week, the equivalent to one extra game check for his original 2022 base salary of $15.35M when the deal was signed (the Saints have restructured the deal on multiple occasions).<\/p>\n
Beyond the bonus of nearly $1M, this renegotiation reinforces that any decision made on Thomas’ future with the franchise will be done expediently, as the team would be unlikely to move on from Thomas if he remains on the roster once the massive roster bonus of nearly $32M becomes guaranteed.<\/p>\n