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Michael Thomas contract details released
Posted on 3/21/23 at 11:21 am
Posted on 3/21/23 at 11:21 am
LINK
quote:
Details in on Michael Thomas’ new contract with Saints. Technically it’s a 2-year deal that automatically voids in 2025. But it’s really a 1-year deal worth between $6.26M - $15M since massive bonuses will be triggered if he’s still on the roster on Day 3 of the 2024 league year.
Thomas will earn a $5M signing bonus if he passes physical on or about April 21 and a base salary of $1.26M for the 2023 season.
He can earn up to $3.74M in the form of a guaranteed 2024 roster bonus based on games played – plus up to $5M more in performance-based incentives.
4
Posted on 3/21/23 at 11:22 am to tigersquad89
SFP be like
Posted on 3/21/23 at 11:28 am to Vacherie Saint
This restructure is worth it. Where have I been critical of it? He took a huge paycut an alleviated the roster bonus issue.
He still has WR1 potential
*ETA: I haven't really made comments b/c until this post, I never saw the deal in details.
He still has WR1 potential
*ETA: I haven't really made comments b/c until this post, I never saw the deal in details.
This post was edited on 3/21/23 at 11:30 am
Posted on 3/21/23 at 11:31 am to SlowFlowPro
lighten up. Im having a little fun with you for being a contract/cap wonk.
Posted on 3/21/23 at 2:02 pm to tigersquad89
quote:
Michael Thomas contract details released
If only the saints FO was smart enough
Posted on 3/21/23 at 5:43 pm to DJ3K
We literally signed a top 5 talent for pennies.
Falcons board is that way, go bitch there.
Falcons board is that way, go bitch there.
Posted on 3/21/23 at 5:46 pm to SlowFlowPro
So, it's basically a 1 year prove it deal??
Posted on 3/21/23 at 5:53 pm to tucoco
Basically.
His first restructure, IIRC, lowered his cap hit but made sure he was being cut b/c of a poison pill roster bonus.
He then did a second restructure where he took an even bigger paycut to get an incentive-laden deal.
He still has a big dead cap hit next year.
His first restructure, IIRC, lowered his cap hit but made sure he was being cut b/c of a poison pill roster bonus.
He then did a second restructure where he took an even bigger paycut to get an incentive-laden deal.
He still has a big dead cap hit next year.
Posted on 3/22/23 at 10:10 pm to tigersquad89
Love the huge incentive for him to pass the physical.
Posted on 3/23/23 at 10:47 am to tigersquad89
quote:
Thomas will earn a $5M signing bonus if he passes physical on or about April 21
He'll be on the IR on April 22nd.
Posted on 3/24/23 at 12:48 am to pankReb
quote:
He'll be on the IR on April 22nd
You're being too generous, I'll put money on the 21st. After passing the physical he will stubbed his toe while putting in his shoes
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