Michael Thomas agrees to 5 year 100 million extension

RefsRobbedUs · 07-31-2019, 08:07 AM

I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season.

Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike.

Lord_Saint83 · 07-31-2019, 08:20 AM

Originally Posted by RefsRobbedUs

I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season.

Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike.

I feel you on that money they gave him but the man outplayed his contract and kamara has too they aren't contract year wonders. If you wanna dance you gotta pay the band.

AsylumGuido · 07-31-2019, 08:52 AM

Originally Posted by RefsRobbedUs

I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season.

Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike.

The best chance at getting Brees more championships is to lock up these great players and that takes money. But, don't forget, the cap keeps increasing at a minimum of $10M per year and will pay for all of these new contracts. Another member here, SFIAH, has graphically shown that the $20M per year that Thomas' contract implies is a smaller percentage of total cap than WR deal being made any many years past. Kamara has the same agent as Thomas and if it comes down to it will probably be told to hold out until a extension deal is made, as well. I have no issue with that whatsoever.

This is a good day in Saints history!

The Dude · 07-31-2019, 09:00 AM

Originally Posted by RefsRobbedUs

I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season.

Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike.

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.

WillSaints81 · 08-02-2019, 04:23 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.

SaintFanInATLHELL · 07-31-2019, 09:11 AM

Originally Posted by RefsRobbedUs

I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season.

I'll repost part of my argument I posted on Monday:

We should all know by now that NFL contracts are not worth the paper they are written on. The Saints could deliver CGM a 6 year $126 million with $66 million guaranteed and all of the following would not be true: not 6 years, not $126 million, not $21 million a year, and not blow up the cap. In fact the only real number that's there is the $66 million. With NFL contracts the only numbers to pay attention to are the guaranteed money. The rest is monopoly money that will either get restructured, or extended, or completely cut depending on the performance of the player after the guaranteed dollars are delivered. As I pointed out in my other post, that $21 million eventual cap hit is actually less percentagewise than cap hits for WR in the past. Larry Fitzgeralds 2011 cap hit of $16.8 million was 13% of the 2011 salary cap. By the time CGM gets anywhere near a $20 million cap hit, the cap will be above $200 million, meaning that the hit would be less than 10% of the cap.

Note that my numbers were right in line with the real contract and that those numbers are just as true as my hypothethical ones. It isn't a 5 year contract. It isn't $100 million. It isn't $20 million a year. The only eye popping number is the $61 million. That's CGM's money. And that's the money most easily managed, as it can be restructured or extended at any point likely after the first two years of the contract. If CGM falls off after Brees' eventual exit, the last $40 million and the last 2 years of the contract will never be seen. If CGM continues to beast after 2022, he'll get new guaranteed money because by that time his contract dollars will look like chump change in the NFL market with a $200+ million salary cap at that time.

Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike.

Kamara is up next. Likely the same will happen and for exactly the same reasons: a superior elite player outplayed his contract.

I'll hopefully close up shop on this for this year reiterating some observations about the business of the NFL:

1. Holding out isn't a protest. It's a safety issue. Everyone talks about holdouts blowing up team chemistry, or blowing up the cap. Look at AJ Green this year. Getting injured in practice for a player in contract negotiations literally blows up that player's life and their financial stability, especially if it's their first big contract. It's best for all involved for the player to stay out until the contract is signed.

2. Track the salary cap. Use percentages of the salary cap to decide if someone is being overpaid. Raw dollars are meaningless numbers.

3. The only number that matters is the guaranteed money in a contract. All the rest of it is fluff. Look at how much the guaranteed money is and over what timeframe is it delivered. The year that the salary outstrips the cap hit is the last real year of any NFL contract. And it's a minimum of two years out from the actual end of the contract.

4. Elite players outplay their salaries. Those salaries need adjustment. The money spent by the team is in exchange for retaining the services of elite players by keeping control and not letting that talent get to free agency. Just remember that there are less than 5 people on the planet that can do what CGM, Kamara, Ram, and other elite Saints players can do at their respective positions.

5. While it's about fandom for you, for everyone in the business, it's about business. Let the players, and Loomis, and Payton, and Benson take care of the business of the NFL without you as a fan getting caught up in the emotion of how getting business done impacts the team, which it didn't, or how you'd spend other people money, which is not yours to spend.

6. See you next year with AK. And the year after with Ram, though I think the Saints will likely stick a franchise tag on him.

SFIAH

07-31-2019, 08:07 AM	#1
RefsRobbedUs 500th Post Join Date: Jan 2019 Posts: 659	Re: Michael Thomas agrees to 5 year 100 million extension I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season. Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike. leilung and voodooido like this.
RefsRobbedUs 500th Post Join Date: Jan 2019 Posts: 659

07-31-2019, 08:20 AM	#2
Lord_Saint83 100% Blunt Join Date: Jun 2013 Location: Saint Gabriel, La Posts: 2,754	Re: Michael Thomas agrees to 5 year 100 million extension Originally Posted by RefsRobbedUs I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season. Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike. I feel you on that money they gave him but the man outplayed his contract and kamara has too they aren't contract year wonders. If you wanna dance you gotta pay the band. SaintFanInATLHELL, RockyMountainSaint, neugey and 3 others like this.

07-31-2019, 08:52 AM	#3
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,498	Re: Michael Thomas agrees to 5 year 100 million extension Originally Posted by RefsRobbedUs I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season. Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike. The best chance at getting Brees more championships is to lock up these great players and that takes money. But, don't forget, the cap keeps increasing at a minimum of $10M per year and will pay for all of these new contracts. Another member here, SFIAH, has graphically shown that the $20M per year that Thomas' contract implies is a smaller percentage of total cap than WR deal being made any many years past. Kamara has the same agent as Thomas and if it comes down to it will probably be told to hold out until a extension deal is made, as well. I have no issue with that whatsoever. This is a good day in Saints history! SaintFanInATLHELL, neugey, The Dude and 3 others like this.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

07-31-2019, 09:00 AM	#4
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,055	Re: Michael Thomas agrees to 5 year 100 million extension Originally Posted by RefsRobbedUs I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season. Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike. 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.
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,055	Last edited by The Dude; 07-31-2019 at 09:18 AM..

08-02-2019, 04:23 PM	#5
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.

07-31-2019, 09:11 AM	#6
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,781	Re: Michael Thomas agrees to 5 year 100 million extension Originally Posted by RefsRobbedUs I might get flamed but I hate paying this kind of money to a WR especially with our HOF QB at the end of his career. We are a SB contender now though and we were not going to risk this going into the reg season. I'll repost part of my argument I posted on Monday: We should all know by now that NFL contracts are not worth the paper they are written on. The Saints could deliver CGM a 6 year $126 million with $66 million guaranteed and all of the following would not be true: not 6 years, not $126 million, not $21 million a year, and not blow up the cap. In fact the only real number that's there is the $66 million. With NFL contracts the only numbers to pay attention to are the guaranteed money. The rest is monopoly money that will either get restructured, or extended, or completely cut depending on the performance of the player after the guaranteed dollars are delivered. As I pointed out in my other post, that $21 million eventual cap hit is actually less percentagewise than cap hits for WR in the past. Larry Fitzgeralds 2011 cap hit of $16.8 million was 13% of the 2011 salary cap. By the time CGM gets anywhere near a $20 million cap hit, the cap will be above $200 million, meaning that the hit would be less than 10% of the cap. Note that my numbers were right in line with the real contract and that those numbers are just as true as my hypothethical ones. It isn't a 5 year contract. It isn't $100 million. It isn't $20 million a year. The only eye popping number is the $61 million. That's CGM's money. And that's the money most easily managed, as it can be restructured or extended at any point likely after the first two years of the contract. If CGM falls off after Brees' eventual exit, the last $40 million and the last 2 years of the contract will never be seen. If CGM continues to beast after 2022, he'll get new guaranteed money because by that time his contract dollars will look like chump change in the NFL market with a $200+ million salary cap at that time. Let's hope Kamara doesn't hold out next year which I can see happening now that it worked for Mike. Kamara is up next. Likely the same will happen and for exactly the same reasons: a superior elite player outplayed his contract. I'll hopefully close up shop on this for this year reiterating some observations about the business of the NFL: 1. Holding out isn't a protest. It's a safety issue. Everyone talks about holdouts blowing up team chemistry, or blowing up the cap. Look at AJ Green this year. Getting injured in practice for a player in contract negotiations literally blows up that player's life and their financial stability, especially if it's their first big contract. It's best for all involved for the player to stay out until the contract is signed. 2. Track the salary cap. Use percentages of the salary cap to decide if someone is being overpaid. Raw dollars are meaningless numbers. 3. The only number that matters is the guaranteed money in a contract. All the rest of it is fluff. Look at how much the guaranteed money is and over what timeframe is it delivered. The year that the salary outstrips the cap hit is the last real year of any NFL contract. And it's a minimum of two years out from the actual end of the contract. 4. Elite players outplay their salaries. Those salaries need adjustment. The money spent by the team is in exchange for retaining the services of elite players by keeping control and not letting that talent get to free agency. Just remember that there are less than 5 people on the planet that can do what CGM, Kamara, Ram, and other elite Saints players can do at their respective positions. 5. While it's about fandom for you, for everyone in the business, it's about business. Let the players, and Loomis, and Payton, and Benson take care of the business of the NFL without you as a fan getting caught up in the emotion of how getting business done impacts the team, which it didn't, or how you'd spend other people money, which is not yours to spend. 6. See you next year with AK. And the year after with Ram, though I think the Saints will likely stick a franchise tag on him. SFIAH RockyMountainSaint, Crusader, AsylumGuido and 5 others like this.
	Super Bowl Championships: New Orleans Saints:1, Carolina:0, Atlanta Chokers: STILL ZERO Only Atlanta choked in an unchokable situation... Life is definitely good.