Michael Thomas agrees to 5 year 100 million extension

08-01-2019, 07:05 PM

Nick Wright on the First Things First show had a good observation. We had already set ourselves up to sign Thomas to a long-term deal. Thomas had to be part of the thinking when we traded away Brandin Cooks. We know we couldn't afford both of them down the road, and Thomas at that point even clearly appeared to be the more tenacious of the two receivers as well as one that fit our offense best. So we are in good shape for this signing. More I think about it, I am glad we didn't hesitate on doing the deal.

WillSaints81 · 08-02-2019, 05:23 PM

Originally Posted by The Dude

Oh you can say bye to Kamara. Payton has nooooo problem cutting RBs as it is.
A plus is the Draft cap. We don’t have to pay out of the nose anymore to sign first round picks. At least teams can think ahead 4 years now. Imagine the pickle we would be in picking a QB next year if rookie contracts were still as high as they used to be.

We should be more concerned about Lattimore doing such tbh.

SmashMouth · 08-03-2019, 07:49 AM

SmashMouth · 08-09-2019, 11:22 AM

A breakdown of Michael Thomas' record-breaking five-year extension, which is worth between $96.25 million and $100 million in new money and locks him up for a total of six years through 2024: A total of $35.65 million is fully guaranteed (including a $20M signing bonus, a $1.65M base salary in 2019, $11M base salary in 2020 and $3M of his base salary in 2021). Another $24.95M is guaranteed for injury only at the time of signing (including the other $9.6M of his base salary in 2021 and his full base salary of $15.35M in 2022). Both of those salaries become fully guaranteed on the third day of each respective league year. Thomas is also due to receive $200,000 in workout bonuses in both 2021 and 2022 and $250,000 in roster bonuses in 2022. He is due $16.45M in non-guaranteed salary and bonuses in 2023 and $19.7M in 2024. He could also earn an additional $3.75M in escalators if he reaches high-performance incentives in 2022 and 2023. His salary-cap figure is just $6.13M in 2019, rising to $15M in 2020, $16.8M in 2021, $19.8M in 2022, $20.45M in 2023 and $19.7M in 2024.

Triplett

AsylumGuido · 08-09-2019, 01:41 PM

Originally Posted by SmashMouth

A breakdown of Michael Thomas' record-breaking five-year extension, which is worth between $96.25 million and $100 million in new money and locks him up for a total of six years through 2024: A total of $35.65 million is fully guaranteed (including a $20M signing bonus, a $1.65M base salary in 2019, $11M base salary in 2020 and $3M of his base salary in 2021). Another $24.95M is guaranteed for injury only at the time of signing (including the other $9.6M of his base salary in 2021 and his full base salary of $15.35M in 2022). Both of those salaries become fully guaranteed on the third day of each respective league year. Thomas is also due to receive $200,000 in workout bonuses in both 2021 and 2022 and $250,000 in roster bonuses in 2022. He is due $16.45M in non-guaranteed salary and bonuses in 2023 and $19.7M in 2024. He could also earn an additional $3.75M in escalators if he reaches high-performance incentives in 2022 and 2023. His salary-cap figure is just $6.13M in 2019, rising to $15M in 2020, $16.8M in 2021, $19.8M in 2022, $20.45M in 2023 and $19.7M in 2024.

Triplett

I love how Loomis structures his contracts. The man is truly a genius.

QBREES9 · 08-11-2019, 07:30 AM

Damn thats a lot of money. Go earn it.

08-01-2019, 07:05 PM	#71
Threaded by neugey Hu Dat! Join Date: Dec 2004 Posts: 6,715 Blog Entries: 13 Rating: (0 votes - average) Nick Wright on the First Things First show had a good observation. We had already set ourselves up to sign Thomas to a long-term deal. Thomas had to be part of the thinking when we traded away Brandin Cooks. We know we couldn't afford both of them down the road, and Thomas at that point even clearly appeared to be the more tenacious of the two receivers as well as one that fit our offense best. So we are in good shape for this signing. More I think about it, I am glad we didn't hesitate on doing the deal. RailBoss and K Major like this.
Views: 6894

08-02-2019, 05:23 PM	#72
WillSaints81 1000 Posts + Join Date: Oct 2012 Posts: 4,267	Re: Michael Thomas agrees to 5 year 100 million extension Originally Posted by The Dude Oh you can say bye to Kamara. Payton has nooooo problem cutting RBs as it is. A plus is the Draft cap. We don’t have to pay out of the nose anymore to sign first round picks. At least teams can think ahead 4 years now. Imagine the pickle we would be in picking a QB next year if rookie contracts were still as high as they used to be. We should be more concerned about Lattimore doing such tbh.

08-03-2019, 07:49 AM	#73
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,201 Blog Entries: 29	Re: Michael Thomas agrees to 5 year 100 million extension Twitter Twitter Twitter
	Last edited by SmashMouth; 08-03-2019 at 08:00 AM..

08-09-2019, 11:22 AM	#74
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,201 Blog Entries: 29	Re: Michael Thomas agrees to 5 year 100 million extension A breakdown of Michael Thomas' record-breaking five-year extension, which is worth between $96.25 million and $100 million in new money and locks him up for a total of six years through 2024: A total of $35.65 million is fully guaranteed (including a $20M signing bonus, a $1.65M base salary in 2019, $11M base salary in 2020 and $3M of his base salary in 2021). Another $24.95M is guaranteed for injury only at the time of signing (including the other $9.6M of his base salary in 2021 and his full base salary of $15.35M in 2022). Both of those salaries become fully guaranteed on the third day of each respective league year. Thomas is also due to receive $200,000 in workout bonuses in both 2021 and 2022 and $250,000 in roster bonuses in 2022. He is due $16.45M in non-guaranteed salary and bonuses in 2023 and $19.7M in 2024. He could also earn an additional $3.75M in escalators if he reaches high-performance incentives in 2022 and 2023. His salary-cap figure is just $6.13M in 2019, rising to $15M in 2020, $16.8M in 2021, $19.8M in 2022, $20.45M in 2023 and $19.7M in 2024. Triplett AsylumGuido likes this.

08-09-2019, 01:41 PM	#75
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,274	Re: Michael Thomas agrees to 5 year 100 million extension Originally Posted by SmashMouth A breakdown of Michael Thomas' record-breaking five-year extension, which is worth between $96.25 million and $100 million in new money and locks him up for a total of six years through 2024: A total of $35.65 million is fully guaranteed (including a $20M signing bonus, a $1.65M base salary in 2019, $11M base salary in 2020 and $3M of his base salary in 2021). Another $24.95M is guaranteed for injury only at the time of signing (including the other $9.6M of his base salary in 2021 and his full base salary of $15.35M in 2022). Both of those salaries become fully guaranteed on the third day of each respective league year. Thomas is also due to receive $200,000 in workout bonuses in both 2021 and 2022 and $250,000 in roster bonuses in 2022. He is due $16.45M in non-guaranteed salary and bonuses in 2023 and $19.7M in 2024. He could also earn an additional $3.75M in escalators if he reaches high-performance incentives in 2022 and 2023. His salary-cap figure is just $6.13M in 2019, rising to $15M in 2020, $16.8M in 2021, $19.8M in 2022, $20.45M in 2023 and $19.7M in 2024. Triplett I love how Loomis structures his contracts. The man is truly a genius.

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08-11-2019, 07:30 AM	#76
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Re: Michael Thomas agrees to 5 year 100 million extension Damn thats a lot of money. Go earn it.