Michael Thomas

Wide Receiver

Age: 30
Free Agency: 2024 (Void)
Accrued Seasons: 7
  • 2023 Salary Cap Charge: $14,453,588 (6.46% of cap)
  • 2023 Cash Payout: $6,460,000 (2.44% of spending)
  • 2023 Cash to Cap Ratio: 0.45
  • Contract Value: $10,000,000 ($10,000,000 APY)
  • Fully Guaranteed Money: $6,260,000
  • Contract Ranking: 30/301 at WR

Current Contract

(Other, signed 2023)
(📝: indicates contract trigger occuring during that year)
YearAgeBase SalaryProrated BonusRoster BonusGuaranteed SalaryCap
Number
Cap %
Dead Money & Cap Savings
202330$1,260,000$12,993,588$200,000$1,460,000$14,453,5886.5%
202431$1,210,000$8,993,588VoidVoid$10,203,5883.9%
202532Void$4,093,588VoidVoid$9,187,1773.3%
202633Void$4,093,589VoidVoid$00.0%
202734Void$1,000,000VoidVoid$0--
Total$2,470,000$31,174,353$200,000$1,460,000$33,844,353

Contract Notes

Michael Thomas and the Saints agreed to a renegotiated contract to keep Thomas on the Saints in 2023. The contract, which has an effective length of one year, has a base value of $10 million of which $6.26 million is guaranteed at signing. Thomas' 2024 salary includes an incentivized roster bonus worth $3.74 million that is based on games active in 2023. If earned these will be guaranteed if on the roster on the 1st day of the 2024 league year. Thomas contract contains what are four effective void years as the structure of the contract is designed to designate Thomas as a post June 1 cut at the start of the 2024 league year or extend him prior to the start of the league year. The intent of the contract is to have Thomas as a free agent in 2024.

Cash Flows

- fully earned money
- unearned or partially earned money
$10M
20232024
Cash Due$6,260,000$4,950,000
Running Cash$5,050,000$10,000,000
Career Earnings: $70,218,974
Career APY: $10,031,282
Potential Earnings: $76,628,974
Total Guarantees: $44,963,612
Largest Cash Payment: $21,648,043 (2019)
Largest Cap Number: $14,453,588 (2023)

Contract History

TeamContract TypeStatusYear SignedYrsTotalAPYGuaranteesAmount Earned% EarnedEffective APY
SaintsDraftedRenegotiated20164$5,118,974$1,279,744$3,055,569$3,970,93177.6%$1,323,644
SaintsExtensionRenegotiated20195$96,250,000$19,250,000$35,648,043$61,248,04363.6%$15,312,011
SaintsOtherActive20231$10,000,000$10,000,000$6,260,000$5,000,00050.0%$0
Earnings By Team
TeamYrsSalaryAPYPaid on Cap% Paid on CapPaid as Dead Money% Paid as Dead Money
Saints7$70,218,974$10,031,282$39,947,5620.0%$00.0%

Season History

YearTeamBase SalaryProrated BonusRoster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %Cash Paid
2016Saints$450,000$480,722$0$0$450,000$930,7220.6%$2,372,888
2017Saints$682,681$480,722$0$0$682,681$1,163,4030.7%$682,681
2018Saints$915,362$480,722$0$0$0$1,396,0840.8%$915,362
2019Saints$1,648,043$4,480,722$0$0$1,648,043$6,128,7653.2%$21,648,043
2020Saints$1,000,000$6,000,000$0$0$1,000,000$7,000,0003.5%$11,000,000
2021Saints$1,000,000$8,900,000$0$200,000$1,000,000$10,100,0005.5%$12,800,000
2022Saints$1,035,000$11,993,588$0$200,000$1,035,000$13,228,5886.4%$15,800,000
2023Saints$1,260,000$12,993,588$200,000$0$1,460,000$14,453,5886.5%$6,460,000
2024Saints$1,210,000$8,993,588$0$0$0$10,203,5883.9%$4,950,000
2025Saints$0$4,093,588$0$0$0$9,187,1773.3%$0
2026Saints$0$4,093,589$0$0$0$00.0%$0
2027Saints$0$1,000,000$0$0$0$0--$0
Total$9,201,086$63,990,829$200,000$400,000$7,275,724$73,791,915$76,628,974

Statistics

YearGames PlayedGames InactiveSnapsRushingReceivingFumbles
InjuredHealthyOffenseSpecialAttYardsAvgTDRecYardsAvgTDTotalLost
2016151075.3%1.0%000.0092113712.4922
2017150075.3%1.2%000.0098115111.7500
2018150082.1%1.2%000.00125140511.2922
2019160088.6%1.4%1-9-9.00149172511.6910
202076032.1%0.0%111.004043811.0000
202234112.9%0.0%000.001617110.7300
202320078.9%0.0%000.00121169.7000

Valuation Diamond

The diamond is a scatterplot graph that visualizes the relation of the player's APY (in green) and performance (in blue, as measured by OTC's Valuations) to the rest of the league at his position. To understand how to read the diamond, read this explainer.

OTC ValuationAPY
Regular$12,481,000$10,000,000
Injury Adjusted$12,481,000$10,000,000
test
OTC Valuation $4.5M $8.9M $13.4M $17.8M $22.3M APY $5M $10M $15M $20M $25M $11,369,000 $5,138,502

Weekly Valuation Trends

The chart below illustrates the trend of the player's weekly OTC Valuations (in blue) from the most recent season, using APY (in green) and, if applicable, cash that is due to the player in the next season (in red) as benchmarks. Weeks not plotted indicate that the player was inactive or on a bye.

To see interactive and more in-depth use of OTC Valuation data, subscribe to OTC Premium.