#neworleanssaints #saintsnews #michaelthomas
Join Big Q as he cover all the latest news/notes from your New Orleans Saints.
– Wide receiver Michael Thomas reportedly restructured his contract with the New Orleans Saints on Saturday, potentially clearing the way for him to become a free agent.
According to ESPN’s Field Yates, Thomas had his base salary for 2023 reduced from $15.5 million to $1.165 million, and a $31.755 million roster bonus was added for the 2024 league year.
That bonus will become fully guaranteed on the third day of the 2023 league year, which is March 17, 2023. The move gives the Saints about $14 million in salary-cap relief.
If the Saints do intend to release Thomas and avoid paying him the roster bonus, it could cut him before March 17 and designate him as a post-June 1 release. Thomas’ $15.5 million salary would count against the Saints’ cap initially, but they would then get cap relief on June 2 in that scenario.
– & MORE…
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Todays stream is entitled: Michael Thomas Restructures Saints Contract
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