Michael Thomas has struggled to stay on the field lately, appearing in only 10 games over the past three seasons.
Thomas earned NFL Offensive Player of the Year honors after recording over 1,700 receiving yards during the 2019 campaign.
Michael Thomas Salary
After 2019, Thomas signed a five-year contract extension worth $96.25 million but has only played 10 games on that deal. With a looming lucrative roster bonus, Thomas and the Saints agreed to a restructure this month that would keep Thomas in New Orleans on a one-year, $10 million deal that could be worth up to $15 million.
Michael Thomas Cap Hit
The now 30-year-old wide receiver carries a cap hit in 2023 of $14,253,588.
Michael Thomas Potential Extension
Given the nature of the recent contract restructuring, void years were enacted to spread the cap hit out to give the Saints financial flexibility. However, Thomas could be a free agent in 2024 without a potential extension.
If Thomas has a healthy 2023 season, he could re-enter the conversation as one of the NFL’s elite wide receivers and be in for a lucrative contract.
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