New Orleans Saints reportedly restructure deal with Michael Thomas

FILE – New Orleans Saints wide receiver Michael Thomas (13) is seen before an NFL football game against the Tampa Bay Buccaneers, Sunday, Sept. 18, 2022, in New Orleans. The Saints have decided to place receiver Michael Thomas on injured reserve because of a dislocated toe that has not responded well to rehab, coach Dennis Allen said Thursday, Nov. 3, 2022. (AP Photo/Tyler Kaufman, File)

by: Richie Mills

Posted: Jan 7, 2023 / 02:33 PM EST

Updated: Jan 7, 2023 / 02:33 PM EST

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

NEW ORLEANS — The New Orleans Saints and wide receiver Michael Thomas have reportedly agreed to restructure Thomas’ contract.

Reports indicate that the Saints reduced Thomas’ 2023 base salary from $15.5M to $1.165M.

Thomas will receive a $31.755M roster bonus for the 2024 season, which becomes fully guaranteed in March of 2023.

He also received a $902,941 signing bonus this week.

Thomas played in three games for the Saints this season before being placed on the injury reserve list in November with a foot injury.

He had surgery to address the issue, sidelining him for the remainder of the 2022-23 season.

Injuries have held Michael Thomas to just 10 games of action in the last three years.

What this contract restructure means for Thomas’ future with the Saints is unclear at this point in time, but it’s something to keep an eye on ahead of the new league year.