Michael Thomas agrees to restructured contract

AsylumGuido · 07-11-2023, 01:16 PM

Originally Posted by Boston Saint

I read it was triggered by Saints doctors detecting lymph node swelling during his Saints physical

It was. Amoss is a Saints staff doctor who happens to be affiliated with LSU and specializes in Internal Medicine. He's the same Saints doctor that found the heart problem with Jon Dorenbos, the long snapper and magician, who we were looking at signing.

The ortho docs (handling Thomas' case) were from a totally different practice and affiliated with Oschner. No telling where our eye doctors are from.

Rugby Saint II · 07-12-2023, 12:16 PM

What is the over/under for games played by Michael Thomas? I'm thinking nine games would be fantastic to see.

AsylumGuido · 07-12-2023, 12:48 PM

Originally Posted by Rugby Saint II

What is the over/under for games played by Michael Thomas? I'm thinking nine games would be fantastic to see.

I see no reason why his should be less than any other WR in the league. Two freak injuries are not chronic. You give me nine game as an over/under and I'll put down money on that for sure.

K Major · 07-12-2023, 02:11 PM

Yawn 🥱 …

TC can’t get here soon enough.

CheramieIII · 07-12-2023, 06:17 PM

As I’ve said before he better deliver or we can move on!!!

AsylumGuido · 07-13-2023, 02:07 PM

Speaking of Cie Grant. He show up in a tweet today.

AsylumGuido · 07-14-2023, 07:12 PM

More Cie Grant ...

Rugby Saint II · 07-16-2023, 01:01 PM

Michal Thomas has a lot to prove this year. He reworked his contract for less money and has an incentive laden contract this year. He is highly motivated to stay out of the hot tub. If anyone thinks he's not motivated or trying, then maybe they should read his contract details. If he's healthy, he can make good money and set himself up for a healthy contract next year. I doubt that Loomis will commit a lot of money to a third Thomas contract, but we'll see.

BakoSaint · 07-16-2023, 07:57 PM

Originally Posted by Rugby Saint II

Michal Thomas has a lot to prove this year. He reworked his contract for less money and has an incentive laden contract this year. He is highly motivated to stay out of the hot tub. If anyone thinks he's not motivated or trying, then maybe they should read his contract details. If he's healthy, he can make good money and set himself up for a healthy contract next year. I doubt that Loomis will commit a lot of money to a third Thomas contract, but we'll see.

I don’t agree with your assumptions. $10 million of Thomas’ 2023 salary is base salary, only 3.8 million is incentives, so ~75% of his money is base no incentives. He took a pay cut but it may be the smallest pay cut in history for a guy who has barely done his job in 4 years and way above market of what anyone would have offered him as a free agent. I think a more accurate way to look at it is that Thomas and his agent took Loomis for a ride like classic loan sharks. The Saints were desperate to get under the cap for 2023 and would sign anything to save $5-10 million on the 2023 cap. Thomas’ contract charges the Saints what is effectively exorbitant interest to borrow a few million toward the 2023. Not only do the Saints pay $10-14 million in new money for a year of a player who has missed 80% of his games the past 3 years, essentially valuing him at $54 million for a year if fully healthy, but the contract also sets up the Saints for a $18 million dead cap hit if they don’t restructure Thomas again and bring him back for 2024. Thomas and his agent know Loomis will be back in 2024 begging for another restructure even if Thomas doesn’t play a down. Loomis is basically like some sort of tennant farmer in debt to the company store and borrowing to make the payments, and if Thomas plays his cards right he has a lunch ticket for life even if he never plays another down.

mapcow · 07-19-2023, 10:03 AM

cut bait..... drop the dead weight, and chum the waters for a classier team player.

07-11-2023, 01:16 PM	#201
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,480	Re: Michael Thomas agrees to restructured contract Originally Posted by Boston Saint I read it was triggered by Saints doctors detecting lymph node swelling during his Saints physical It was. Amoss is a Saints staff doctor who happens to be affiliated with LSU and specializes in Internal Medicine. He's the same Saints doctor that found the heart problem with Jon Dorenbos, the long snapper and magician, who we were looking at signing. The ortho docs (handling Thomas' case) were from a totally different practice and affiliated with Oschner. No telling where our eye doctors are from.

07-12-2023, 12:16 PM	#202
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 23,792	Re: Michael Thomas agrees to restructured contract What is the over/under for games played by Michael Thomas? I'm thinking nine games would be fantastic to see.

07-12-2023, 12:48 PM	#203
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,480	Re: Michael Thomas agrees to restructured contract Originally Posted by Rugby Saint II What is the over/under for games played by Michael Thomas? I'm thinking nine games would be fantastic to see. I see no reason why his should be less than any other WR in the league. Two freak injuries are not chronic. You give me nine game as an over/under and I'll put down money on that for sure. Rugby Saint II likes this.

07-12-2023, 02:11 PM	#204
K Major Site Donor 2019 Join Date: Jan 2013 Location: Bedford, TX Posts: 24,079 Blog Entries: 3	Re: Michael Thomas agrees to restructured contract Yawn 🥱 … TC can’t get here soon enough. Rugby Saint II likes this.

07-12-2023, 06:17 PM	#205
CheramieIII Fan Since 1967 Join Date: May 2004 Location: Nomad Posts: 7,470 Blog Entries: 3	Re: Michael Thomas agrees to restructured contract As I’ve said before he better deliver or we can move on!!! Rugby Saint II likes this.

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07-13-2023, 02:07 PM	#206
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,480	Re: Michael Thomas agrees to restructured contract Speaking of Cie Grant. He show up in a tweet today. Twitter

07-14-2023, 07:12 PM	#207
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,480	Re: Michael Thomas agrees to restructured contract More Cie Grant ... Twitter

07-16-2023, 01:01 PM	#208
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 23,792	Re: Michael Thomas agrees to restructured contract Michal Thomas has a lot to prove this year. He reworked his contract for less money and has an incentive laden contract this year. He is highly motivated to stay out of the hot tub. If anyone thinks he's not motivated or trying, then maybe they should read his contract details. If he's healthy, he can make good money and set himself up for a healthy contract next year. I doubt that Loomis will commit a lot of money to a third Thomas contract, but we'll see.

07-16-2023, 07:57 PM	#209
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,778	Re: Michael Thomas agrees to restructured contract Originally Posted by Rugby Saint II Michal Thomas has a lot to prove this year. He reworked his contract for less money and has an incentive laden contract this year. He is highly motivated to stay out of the hot tub. If anyone thinks he's not motivated or trying, then maybe they should read his contract details. If he's healthy, he can make good money and set himself up for a healthy contract next year. I doubt that Loomis will commit a lot of money to a third Thomas contract, but we'll see. I don’t agree with your assumptions. $10 million of Thomas’ 2023 salary is base salary, only 3.8 million is incentives, so ~75% of his money is base no incentives. He took a pay cut but it may be the smallest pay cut in history for a guy who has barely done his job in 4 years and way above market of what anyone would have offered him as a free agent. I think a more accurate way to look at it is that Thomas and his agent took Loomis for a ride like classic loan sharks. The Saints were desperate to get under the cap for 2023 and would sign anything to save $5-10 million on the 2023 cap. Thomas’ contract charges the Saints what is effectively exorbitant interest to borrow a few million toward the 2023. Not only do the Saints pay $10-14 million in new money for a year of a player who has missed 80% of his games the past 3 years, essentially valuing him at $54 million for a year if fully healthy, but the contract also sets up the Saints for a $18 million dead cap hit if they don’t restructure Thomas again and bring him back for 2024. Thomas and his agent know Loomis will be back in 2024 begging for another restructure even if Thomas doesn’t play a down. Loomis is basically like some sort of tennant farmer in debt to the company store and borrowing to make the payments, and if Thomas plays his cards right he has a lunch ticket for life even if he never plays another down.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,778

07-19-2023, 10:03 AM	#210
mapcow Just a Fan Join Date: Nov 2009 Posts: 1,335	Re: Michael Thomas agrees to restructured contract cut bait..... drop the dead weight, and chum the waters for a classier team player.
mapcow Just a Fan Join Date: Nov 2009 Posts: 1,335