Michael Thomas agrees to restructured contract

Posted by kyle87DS

Denham Springs

Member since Feb 2013

166 posts

Posted on 1/7/23 at 10:42 am to Chadzilla

Wishing him the best with his future team. Sad it had to end this way.

From my perspective, it allows us to have Cap flexibility through free agency

This post was edited on 1/7/23 at 10:43 am

Posted by LSU1018

Baton Rouge

Member since Feb 2007

7215 posts

Posted on 1/7/23 at 10:59 am to kyle87DS

Wishing him the worst with his new team!

Posted by Byron Bojangles III

Member since Nov 2012

51617 posts

Posted on 1/7/23 at 11:01 am to drake20

No one is trading for him with 32 million GTD

3 ...

Posted by Safety Blitz

The Backfield

Member since May 2022

1841 posts

Posted on 1/7/23 at 11:07 am to Byron Bojangles III

He gone. Frees up cap space and he makes a ton of money to go away?

Posted by tibebecolston

Member since Mar 2013

4129 posts

Posted on 1/7/23 at 11:12 am to LSUZombie

what did MT do that makes him a true head case?

Posted by blackandgolddude

San Diego

Member since Apr 2012

2869 posts

Posted on 1/7/23 at 11:15 am to Safety Blitz

Frees up cap space in 2023 and completely destroys 2024's cap if cut. He isn't going anywhere.

Posted by goatmilker

Castle Anthrax

Member since Feb 2009

64196 posts

Posted on 1/7/23 at 11:17 am to drake20

quote:
This sets the stage for him to be released or traded before March 17th

Posted by oncealurker

Baton Rouge

Member since Oct 2013

5060 posts

Posted on 1/7/23 at 11:20 am to Chadzilla

This means Thomas will be a Saint next season and nothing else.

2 ...

Posted by Rand AlThor

Member since Jan 2014

9398 posts

Posted on 1/7/23 at 11:22 am to Chadzilla

This is effectively a cut

quote:
Basically, this temporarily lowers Thomas’ cap number by about $14 million. And what it almost certainly means is that Thomas got cut on paper with the official move to follow. This is the same type of deal that Drew Brees and Malcolm Jenkins did before retiring.

What this maneuver does is allows the team to stop carrying Thomas’ $15.5 million base salary on the cap. Without the deal, even if the team wanted to cut him, it would have happened after June 1, and that total would have remained on the books until then. Since Thomas was never going to get that money, the team can now walk away from this deal by designating Thomas a post-June 1 cut and he will only count as about $13 million against the cap instead of $28 million.

Posted by PUB

New Orleans

Member since Sep 2017

18111 posts

Posted on 1/7/23 at 11:23 am to oncealurker

So he can sit on his a-- for the 3rd year in a row and get paid $10s of millions? F--k him.

This post was edited on 1/7/23 at 11:37 am

Posted by Rand AlThor

Member since Jan 2014

9398 posts

Posted on 1/7/23 at 11:24 am to LSUZombie

quote:
Good riddance to a true headcase who could have been an all time great. Hopefully we can trade him for anything but if we release him that’s a win also

I absolutely guarantee most or all of you morons who have been shitting on this guy and the Saints for the past few years are going to flip this and say the Saints are stupid for letting him leave when he’s the best WR in football again somewhere else