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Keeping Michael Thomas could cost the Saints more than $60 million in 2024
Posted on 1/15/23 at 9:23 pm
Posted on 1/15/23 at 9:23 pm
LINK
Woof. If there were any doubts about the future for Michael Thomas and the New Orleans Saints, this should put them to rest. NewOrleans.Football’s Nick Underhill reports that there are additional wrinkles to the reworked contract Thomas and the Saints agreed to last week — if Thomas is active for at least four games with New Orleans in 2023, it will trigger a $30 million bonus for 2024. That’s in addition to the $31 million roster bonus the Saints moved from the 2023 salary cap calendar over to 2024, which becomes fully guaranteed in March, on the eve of free agency.
So that makes it even more likely that Thomas will be released before that $31 million comes into effect. The Saints moved that money around at the end of the 2022 season to beat an NFL deadline for restructuring contracts with a post-June 1 cut designation in mind, which lowered the salary cap hit owed for Thomas until a point where the Saints can shed as much of it as possible. That doesn’t necessarily mean Thomas is out in New Orleans (it’s possible he and the Saints circle back and restructure it yet again), but that is the likeliest outcome.
And there’s no way Thomas will be on the team next year if he’s going to singlehandedly account for $60 million or more in the season that follows. Again, the Saints could sneak in another contract tweak at the last minute to keep him on the squad for 2023, but don’t bet on it. All of these moves indicate that they’re preparing for a split this offseason, giving Thomas new opportunities elsewhere and opening up resources for the Saints to invest in other players.
It’s a shame things got to this point, but injuries and frustrating surgeries have derailed the career of someone who was on track to be one of the greatest to ever do it in black and gold. Hopefully Thomas can heal up, return to form, and find more success in the NFL — just, not at the Saints’ expense. Stay tuned for developments on this front as the offseason continues.
Well what else is new.
Woof. If there were any doubts about the future for Michael Thomas and the New Orleans Saints, this should put them to rest. NewOrleans.Football’s Nick Underhill reports that there are additional wrinkles to the reworked contract Thomas and the Saints agreed to last week — if Thomas is active for at least four games with New Orleans in 2023, it will trigger a $30 million bonus for 2024. That’s in addition to the $31 million roster bonus the Saints moved from the 2023 salary cap calendar over to 2024, which becomes fully guaranteed in March, on the eve of free agency.
So that makes it even more likely that Thomas will be released before that $31 million comes into effect. The Saints moved that money around at the end of the 2022 season to beat an NFL deadline for restructuring contracts with a post-June 1 cut designation in mind, which lowered the salary cap hit owed for Thomas until a point where the Saints can shed as much of it as possible. That doesn’t necessarily mean Thomas is out in New Orleans (it’s possible he and the Saints circle back and restructure it yet again), but that is the likeliest outcome.
And there’s no way Thomas will be on the team next year if he’s going to singlehandedly account for $60 million or more in the season that follows. Again, the Saints could sneak in another contract tweak at the last minute to keep him on the squad for 2023, but don’t bet on it. All of these moves indicate that they’re preparing for a split this offseason, giving Thomas new opportunities elsewhere and opening up resources for the Saints to invest in other players.
It’s a shame things got to this point, but injuries and frustrating surgeries have derailed the career of someone who was on track to be one of the greatest to ever do it in black and gold. Hopefully Thomas can heal up, return to form, and find more success in the NFL — just, not at the Saints’ expense. Stay tuned for developments on this front as the offseason continues.
Well what else is new.
10
Posted on 1/15/23 at 9:30 pm to hellsu
Well_bye.gif
Posted on 1/15/23 at 9:53 pm to hellsu
Thomas has missed so many games lately that he's no longer worth his price point.
Posted on 1/15/23 at 9:55 pm to hellsu
In other words he bitched out with his “injury” because he doesn’t want to be here anymore?
Posted on 1/15/23 at 10:26 pm to Ancient Astronaut
Time to move on from him.
Posted on 1/15/23 at 10:26 pm to hellsu
Michael Thomas does not want to be here end of story
Posted on 1/15/23 at 11:43 pm to hellsu
Posted on 1/15/23 at 11:57 pm to hellsu
I thought that was the point of the reworked contract. Cut bait. Is this news? Dude can't see the field unfortunately and gets us out of it. I'm not an MT13 hater, but this ship has sailed imo.
Posted on 1/16/23 at 7:33 am to hellsu
He won't
His contract was renegotiate to make it easier to cut him. (If a trade cannot be found, and I doubt it will be)
His contract was renegotiate to make it easier to cut him. (If a trade cannot be found, and I doubt it will be)
Posted on 1/16/23 at 7:45 am to hellsu
We tanking anyway with keeping Allen as HC. Please dnt let him trade any picks in future just let him use all the 2023 bs picks.
Posted on 1/16/23 at 8:02 am to drizztiger
quote:
I thought that was the point of the reworked contract. Cut bait. Is this news? Dude can't see the field unfortunately and gets us out of it. I'm not an MT13 hater, but this ship has sailed imo
It is. He wouldn’t be costing $60M if we didn’t rework his contract. It was intentional so he can be cut and we get cap relief, which we will.
Posted on 1/16/23 at 8:06 am to burke985
Good
Go play 3 games per season elsewhere
Go play 3 games per season elsewhere
Posted on 1/16/23 at 10:40 am to hellsu
May be the biggest waste of money in NFL history. The guy has not played in 3 years with multitudes of mysterious season ending injuries.
Posted on 1/16/23 at 10:49 am to hellsu
The Saints have shown me that you are better off not paying the best receivers in the league and the money is better spent elsewhere. You want good receivers but they seem to find them on cheaper deals over and over again. Sinking money in the lines isn't sexy but other than that and QB it is where the money should be prioritized.
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