Saints, Michael Thomas Nearing Deal

The Saints and Michael Thomas are “close” to getting a deal done, Mike Florio of PFT hears. It’s still not a done deal, but Florio expects a five-year extension worth either $19MM or $20MM per season. 

There might not be much left to debate in terms of overall value, but as with any NFL deal, the two sides are probably still haggling over guarantees, bonuses, and the all-important cash flow. In the interim, Thomas will reportedly continue to stay away from training camp.

At one point in time, Thomas was reportedly pushing for $22MM per year, which would have blown the contracts of Odell Beckham Jr. and Antonio Brown out of the water. Thomas’ reduced ask should be more palatable for the Saints, who are still in a tricky cap situation thanks in large part to Drew Brees‘ contract.

Still only 26, Thomas is one of the best young wide receivers in the NFL. Last year, he led the league with 125 catches while recording 1,405 receiving yards and nine touchdowns.

Reportedly, fellow NFC South star Julio Jones is also on the cusp of a new extension. His brand new deal with the Falcons could become official before the end of business on Friday.

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