The Saints and Michael Thomas agree to a contract that makes the wide out the highest-paid receiver in NFL history. Sources say the deal is worth 100-million dollars over five years. The Voice of the Saints, Zach Streif, says it’s a huge contract, but it should not prevent the team from re-signing some of its other young stars.
“When you go back and look at the history of the wide receiver position in the NFL, his percentage of salary cap being used is right at about 10.5% which is right in line with the top paid receiver of each era,” said Streif.
Thomas led the NFL with 125 catches last season and no player in NFL history has caught more passes in his first three seasons in the NFL than Thomas. Streif says the contract numbers are eye-popping, but its the cost of doing business in the NFL.
“And anything fans should be glad that they have an owner and an organization willing to make those type of investments to keep great players in the city,” said Streif.
Thomas has been a training camp holdout. He’s been pushing for a new contract as he was set to make just over one-million dollars this year. Streif says it’s obvious Thomas outperformed his rookie deal and a new massive contract was justified.
“My understanding, talking to both sides that it was amicable the whole way, it was handled the right way, I think everybody understood what the stakes were of it,” said Streif.
The Saints are off from training camp Wednesday but expect to see Thomas back on the practice field Thursday with his teammates.