Saints, Michael Thomas agree to five-year, $100 million extension
The New Orleans Saints and wide receiver Michael Thomas have agreed on a record five-year, $100 million contract extension, Adam Schefter of ESPN reports.
The record breaking $100M deal that WR Michael Thomas & the Saints have agreed to includes $61M in New Guaranteed Money, which is the most in NFL history for a Non-QB offensive player. This massive extension was negotiated by @DavidMulugheta and Andrew Kessler of Athletes First.
— Adam Schefter (@AdamSchefter) July 31, 2019
Thomas is now the new highest-paid wide receiver in the NFL, while the $61 million in new guaranteed money is the most in NFL history for a non-quarterback offensive player.
Thomas, who is on the final year of his rookie contract, had been holding out of training camp in search of a new deal. But now that he’s come to terms on a deal, he will be expected to report to practice.
The 26-year-old has been one of the most productive wide receivers in the entire NFL since coming into the league in 2016 as a second-round pick. In each of his three seasons, he has topped 90 catches, 1,100 receiving yards, and has 23 total touchdowns in 42 games. He’s coming off a career year in 2018, where he had 125 catches for 1,405 yards and nine touchdowns — all career-bests.
Thomas is expected to be a crucial part of a Saints offense which is short on reliable receivers behind him. Running back Alvin Kamara was the team’s top receiver behind Thomas last season. Tre’Quan Smith, the second-most productive wideout, had just 28 catches for 427 yards. The Saints also recently released oft-injured wide receiver Cameron Meredith, leaving them even more in need at the position.
With Thomas locked up to a long-term deal, veteran quarterback Drew Brees will now have one of the best wide receivers in the league as his main receiving weapon for the remainder of his career.