The Saints and Michael Thomas are far apart in contract talks and no extension is imminent, according to Jeff Duncan of NOLA.com (on Twitter). Still, the two sides remain motivated to get a deal done and hope to have one in place by the start of training camp.
This news somewhat conflicts with what we heard earlier this week. The two sides seemed to be in a good place, especially since the Saints are reportedly comfortable with making Thomas the highest-paid wide receiver in the NFL.
For one reason or another, the two sides have hit a snag. It’s possible that the Saints have offered to make Thomas the highest-paid wideout by certain metrics such as average annual value, but his guarantees might not be on par with that of Odell Beckham Jr., who leads the way with $65MM in total guarantees and a whopping $41MM guaranteed at signing. Thomas, who leads the league in receptions (321) over the past three seasons and ranks fifth in yards (3,787) since the start of the ’16 campaign, is likely seeking to be the new leader across every major category.
Thomas recently signed with agent Andrew Kessler after cutting ties with David Mulugheta in November. a sign that he is not content with simply cracking the top five at the position. The Saints may want to get something done with Thomas sooner rather than later, because his asking price could inch up if the rival Falcons sign Julio Jones to a multi-year extension first.
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