Michael Thomas

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Saints, WR Age: 31-57d Exp: 7 Years
Drafted: Round 2 (#47 overall), 2016 College: Ohio State Agent(s): Andrew Kessler, David Mulugheta (Athletes First)

 
  • Current Contract

    Michael Thomas signed a 1 year, $10,000,000 contract with the New Orleans Saints, including a $5,000,000 signing bonus, $10,000,000 guaranteed, and an average annual salary of $10,000,000.
    Contract: 1 yr(s) / $10,000,000
    Signing Bonus $5,000,000
    Average Salary $10,000,000
    Total Guarantees $10,000,000
    Guaranteed at Signing $10,000,000
    Free Agent: 2025 / UFA
      Bonus Breakdown Cap Details Cash Details  
    Year   Age Base Salary Signing Roster Restructure Cap Hit Dead Cap Yearly Cash Cash AAV
    2023 Contract details by year 30 $1,260,000 $5,180,588 - $7,813,000 $14,253,588 $36,174,352 $6,260,000($6,260,000) $6,260,000
    Pre-6/1 Release 2023 Dead Cap: $36,174,352 2023 Cap Savings: $-21,920,764 Pre-6/1 Trade 2023 Dead Cap: $31,174,352 2023 Cap Savings: $-16,920,764 Post-6/1 Release 2023 Dead Cap: $17,993,588 2024 Dead Cap: $18,180,764 2023 Cap Savings: $-3,740,000 Post-6/1 Trade 2023 Dead Cap: $12,993,588 2024 Dead Cap: $18,180,764 2023 Cap Savings: $1,260,000
    2024 Contract details by year 31 $1,210,000 $1,180,588 $2,200,000 $7,813,000 $12,403,588 $20,380,764 $2,200,000($8,460,000) $4,230,000
    Pre-6/1 Release 2024 Dead Cap: $20,380,764 2024 Cap Savings: $-7,977,176 Pre-6/1 Trade 2024 Dead Cap: $18,180,764 2024 Cap Savings: $-5,777,176 Post-6/1 Release 2024 Dead Cap: $11,193,588 2025 Dead Cap: $9,187,176 2024 Cap Savings: $1,210,000 Post-6/1 Trade 2024 Dead Cap: $8,993,588 2025 Dead Cap: $9,187,176 2024 Cap Savings: $3,410,000
    2025 Contract details by year 32 - $1,180,588 - $2,913,000 $9,187,176 $9,187,176 -
    Pre-6/1 Release 2025 Dead Cap: $9,187,176 2025 Cap Savings: $0 Pre-6/1 Trade 2025 Dead Cap: $9,187,176 2025 Cap Savings: $0 Post-6/1 Release 2025 Dead Cap: $0 2026 Dead Cap: $9,187,176 2025 Cap Savings: $9,187,176 Post-6/1 Trade 2025 Dead Cap: $0 2026 Dead Cap: $9,187,176 2025 Cap Savings: $9,187,176
    2026 Contract details by year 33 - $1,180,588 - $2,913,000 $4,093,588 - -
    Pre-6/1 Release 2026 Dead Cap: $0 2026 Cap Savings: $4,093,588 Pre-6/1 Trade 2026 Dead Cap: $0 2026 Cap Savings: $4,093,588 Post-6/1 Release 2026 Dead Cap: $0 2027 Dead Cap: $0 2026 Cap Savings: $4,093,588 Post-6/1 Trade 2026 Dead Cap: $0 2027 Dead Cap: $0 2026 Cap Savings: $4,093,588
    2027 Contract details by year 34 - $1,000,000 - - $1,000,000 - -
    Pre-6/1 Release 2027 Dead Cap: $0 2027 Cap Savings: $1,000,000 Pre-6/1 Trade 2027 Dead Cap: $0 2027 Cap Savings: $1,000,000 Post-6/1 Release 2027 Dead Cap: $0 2028 Dead Cap: $0 2027 Cap Savings: $1,000,000 Post-6/1 Trade 2027 Dead Cap: $0 2028 Dead Cap: $0 2027 Cap Savings: $1,000,000
    2025 Free Agent Year 35 UFA  
    Contract Notes:
    • $10M guaranteed (signing bonus + 2023 salary + 2024 roster bonus)
    • 2024 Roster Bonus: $2.2M (guaranteed)
    • If Thomas is on the roster March 15th, 2024, $119M of future bonus becomes guaranteed
      $220,000 per game active 
    • 2025-2027 years automatically void
    • Receptions ($750,000)
      $250,000 each for 100, 110, 120

      Receiving Yards ($750,000)
      $250,000 each for 1000, 1150, 1300

      Receiving TDs ($250,000)
      $250,000 for 7

      Pro Bowl + Playoffs: $250,000
      All-Pro 1st Team: $500,000
      Offensive Player of the Year: $1M
      NFL MVP: $500,000
      Super Bowl MVP: $500,000
      Super Bowl Win + 110 catches or 1150 yards: $500,000
    Sources: NFL contract specifics generally collected from verified reports.

    Previous Contracts

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    2019-2024

    Michael Thomas signed a 5 year, $96,250,000 contract with the New Orleans Saints, including a $20,000,000 signing bonus, $60,598,043 guaranteed, and an average annual salary of $19,250,000.
    Contract: 5 yr(s) / $96,250,000
    Signing Bonus $20,000,000
    Average Salary $19,250,000
    Total Guarantees $60,598,043
    Guaranteed at Signing $35,648,043
    Free Agent: 2025 / UFA

    2016-2019Entry Level

    Michael Thomas signed a 4 year, $5,118,971 contract with the New Orleans Saints, including a $1,922,888 signing bonus, $2,605,569 guaranteed, and an average annual salary of $1,279,743.
    Contract: 4 yr(s) / $5,118,971
    Signing Bonus $1,922,888
    Average Salary $1,279,743
    Total Guarantees $2,605,569
    Guaranteed at Signing $2,605,569
    Free Agent: 2020 / UFA
  • Estimated Career Earnings

    Year Team Awards Salary Signing Bonus Roster Bonus Workout Bonus Restructure Bonus Option Bonus Incentive Earnings
    2016 Player Cash Earnings $450,000 $1,922,888 - - - - $138,469 $2,511,357
    2017 Player Cash Earnings $682,681 - - - - - - $682,681
    2018 Player Cash Earnings $915,361 - - - - - - $915,361
    2019 Player Cash Earnings OPOY $1,648,043 $10,000,000 - - - - - $11,648,043
    2020 Player Cash Earnings $1,000,000 $10,000,000 - - $10,000,000 - - $21,000,000
    2021 Player Cash Earnings $1,000,000 - - $200,000 $11,600,000 - - $12,800,000
    2022 Player Cash Earnings $1,035,000 $902,941 - $200,000 $14,565,000 - - $16,702,941
    2023 Player Cash Earnings $1,260,000 $5,000,000 - - - - - $6,260,000
    8 seasons $7,991,085 $27,825,829 - $400,000 $36,165,000 - $138,469 $72,520,383
    2024 Player Cash Earnings - - $2,200,000 - - - - $2,200,000
    $7,991,085 $27,825,829 $2,200,000 $400,000 $36,165,000 - $138,469 $74,720,383
    Seasons Team Salary Signing Bonus Roster Bonus Workout Bonus Restructure Bonus Option Bonus Incentive Total Cash
    8 seasons Player Cash Earnings $7,991,085 $27,825,829 - $400,000 $36,165,000 - $138,469 $72,520,383
  • Fines

    • Player contract details by year 10/16/2020, $58,823

      Conduct detrimental to the team


    • Player contract details by year 11/15/2019, $10,527

      Excessive Facemask against Atlanta (ATL)


    • Player contract details by year 11/09/2018, $30,000

      Using a prop in a celebration against Los Angeles (LAR)


    • Player contract details by year 10/12/2018, $10,026

      Taunting against Washington (WAS)


    • TOTAL: $109,376

  • Transactions

    Mar 13 2024Designated a Post June 1st release by New Orleans (NO)
    Mar 14 2023Signed a 1 year $10 million restructured contract extension with New Orleans (NO)
    Jan 7 2023Reduced his 2023 salary from $15.5M to $1.165M, adding a $31.755M roster bonus to 2024 & a $902,941 signing bonus to 2022
    Feb 26 2022Converted $14.3M of 2022 base salary & a $250,000 roster bonus into signing bonus, adding two void years, clearing $11.6M of cap space with New Orleans (NO)
    Mar 12 2021Converted $11.61M of 2021 salary into bonus, clearing $8.7M of cap space with New Orleans (NO)
    Oct 16 2020Fined $58,823 Conduct detrimental to the team
    Mar 19 2020Converted $10M of 2020 salary into bonus, clearing $8 of cap space with New Orleans (NO)
    Nov 15 2019Fined $10,527 Excessive Facemask against Atlanta (ATL)
    Jul 31 2019Signed a 5 year $96.25 million contract extension with New Orleans (NO)
    Nov 9 2018Fined $30,000 Using a prop in a celebration against Los Angeles (LAR)
    May 9 2016Signed a 4 year $5.11 million contract with New Orleans (NO)
    Apr 29 2016Drafted by New Orleans (NO): Round 2 (#47 overall)
  •  

    Statistics

    Season Team GA GP GS Snaps Snaps% Tgt Rec Rec Yds Yds/Rec Yds/Gm Rec TD Fum Drops Prod Pts
    2023 NO 10 10 7 490 44.9 64 39 448 11.5 44.80 1 0 1 50.8
    2022 NO 3 3 3 136 15.4 22 16 171 10.7 57.00 3 0 1 35.1
    2020 NO 7 7 5 345 32.1 55 40 438 11 62.57 0 0 1 43.9
    2019 NO 16 16 15 959 88.6 185 149 1725 11.6 107.81 9 1 6 225.6
    2018 NO 16 16 16 928 88.4 147 125 1405 11.2 87.81 9 2 3 190.5
    2017 NO 16 16 14 851 81.9 149 104 1245 12 77.81 5 0 2 154.5
    2016 NO 15 15 12 865 75.2 121 92 1137 12.4 75.80 9 2 4 163.7
    Totals 83 83 72 4,574 - 743 565 6,569 11.6 79.14 36 5 18 864.10
  • Calculated Market Value

    Market Value

    • 1 yrs, $9,230,350
    • Avg. Salary: $9,230,350
    • NFL Rank: 243
    • WR Rank: 31

    Current Contract

    • Free Agent: 2025
    • Avg. Salary: $10,000,000
    • NFL Rank: 216
    • WR Rank: 30

    Comparable Players

    We've selected the following players based on their age, contract status, and statistical production to compare Michael Thomas to.

    Player Length Value Avg. Salary Age When Signed
    Brandin Cooks 2 $39,764,000 $19,882,000 28
    Tyler Lockett 4 $69,000,000 $17,250,000 28
    Allen Robinson 3 $46,500,000 $15,500,000 28
    Adam Thielen 3 $25,000,000 $8,333,333 32
    Averages 3 $45,066,000 $15,022,000 29


    Base Calculated Value

    After adjusting the above contracts as if signed at Thomas's current age (31), a linear regression is performed, providing us with the following initial value.

    Length Value Avg. Salary
    2 $19,522,222 $9,761,111


    Statistical Comparisons

    Now we'll compare our variables and Thomas statistically over the two seasons prior to their signing. In this case we're analyzing: Games Played %, Receiving Targets, Receptions, Receiving Yards, Receiving Touchdowns, Yards After Catch, Dropped Passes, Rating

    Player GP% Rec Tgt Rec/GM Rec Yds/GM Rec TD/GM YAC Dropped Rating
    Brandin Cooks 2020-2021, HOU 93.94 8.16 5.52 70.55 0.39 4.25 0.26 77.75
    Tyler Lockett 2019-2020, SEA 100 7.56 5.69 65.97 0.56 3.45 0.34 75.9
    Allen Robinson 2020-2021, LAR 84.85 7.75 5 59.29 0.25 2.75 0.11 78.2
    Adam Thielen 2021-2022, CAR 88.24 6.73 4.57 48.07 0.53 3.05 0.1 69.75
    Average 91.76 7.55 5.20 60.97 0.43 3.38 0.20 75.40
    Michael Thomas 2023-2023 100 7.71 4.86 53 0.14 1.9 0 69.2
    % Change 8.98% 2.12% -6.54% -13.07% -67.44% -43.79% 100.00% -8.22%
    Median Prime % Change -7.38%
    Average Prime % Change -3.50%


    Calculated Market Value: Michael Thomas

    After applying our Prime % figures into our base calculated value, we're given two values. The average of these values becomes our current calculated market value.

    Terms Avg. Salary
    1 years, $9,230,350 $9,230,350