Michael Thomas

Wide Receiver

  • 2020 Salary Cap Charge: $15,000,000
  • % of 2020 Team Cap: 7.45%
  • 2020 Cash Payout: $11,000,000
  • % of 2020 Team Cash Spending: 7.78%
  • 2020 Cash to Cap Ratio: 0.73
  • Total Contract Value: $96,250,000
  • Annual Contract Value: $19,250,000
  • Position Ranking: 2/350 at WR
  • Fully Guaranteed Money: $35,648,043
  • Age: 26
  • Height: 6' 3"
  • Weight: 212
  • College: Ohio State
  • Accrued Seasons: 4
  • Entry: 2016 Draft, Round 2, #47 overall (Saints)
  • Year Signed: 2019 (Extension)
  • Free Agency: 2025 (UFA)
  • 2019 OTC Valuation: $19,352,000

Contract Notes

Michael Thomas signed a five year, $96.25 million extension with the Saints on July 31, 2019. The details of the contract come from PFT, so please credit them if using any details of the contract. Per PFT, Thomas received a $20 million signing bonus and $35.64 million fully guaranteed at signing. Thomas' 2019 and 2020 salaries are fully guaranteed as is $3 million of his 2021 salary. If on the roster on the 3rd day of the 2021 league year his salary will become guaranteed. On the 3rd day of the 2022 league year his salary will be guaranteed. There are fifth day of the league year roster bonuses in each of the last three years as well as per game roster bonuses in the final two contract years. The max value of the contract is $100 million if certain escalators are earned. Thomas' cap charge increased by $4.5 million in 2019 due to the extension.

Current Contract

(📝: indicates contract trigger occuring during that year)
YearAgeBase SalaryProrated BonusRoster BonusPer Game Roster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %
Dead Money & Cap Savings
201926$1,648,043$4,480,722$0$0$0$1,648,043$6,128,7653.3%
202027$11,000,000$4,000,000$0$0$0$11,000,000$15,000,0007.5%
2021 📝
March 15: Balance of salary fully guaranteed
28$12,600,000$4,000,000$0$0$200,000$3,000,000$16,800,000--
2022 📝
March 15: Salary becomes fully guaranteed
March 17: Roster bonus due
29$15,350,000$4,000,000$250,000$0$200,000$0$19,800,000--
2023 📝
March 17: Roster bonus due
30$15,500,000$4,000,000$250,000$500,000$200,000$0$20,450,000--
2024 📝
March 17: Roster bonus due
31$18,500,000$0$250,000$750,000$200,000$0$19,700,000--
Total$74,598,043$20,480,722$750,000$1,250,000$800,000$15,648,043$97,878,765
Embed This Contract
<iframe src="https://overthecap.com/contract-embed/4760/" width="600" height="374" frameborder="0" scrolling="no"></iframe>
Career Earnings: $25,618,974
Career APY: $6,404,744
Potential Earnings: $101,368,974
Total Guarantees: $38,703,612
Largest Cash Payment: $21,648,043 (2019)
Largest Cap Hit: $20,450,000 (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
SaintsExtensionActive20195$96,250,000$19,250,000$35,648,043$21,648,04322.5%$21,648,043
Earnings By Team
TeamYrsSalaryAPYPaid on Cap% Paid on CapPaid as Dead Money% Paid as Dead Money
Saints4$25,618,974$6,404,744$9,618,9740.0%$00.0%

Salary Cap History

YearTeamBase SalaryProrated BonusRoster BonusPer Game Roster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %Cash Paid
2016Saints$450,000$480,722$0$0$0$450,000$930,7220.6%$2,372,888
2017Saints$682,681$480,722$0$0$0$682,681$1,163,4030.7%$682,681
2018Saints$915,362$480,722$0$0$0$0$1,396,0840.8%$915,362
2019Saints$1,648,043$4,480,722$0$0$0$1,648,043$6,128,7653.3%$21,648,043
2020Saints$11,000,000$4,000,000$0$0$0$11,000,000$15,000,0007.5%$11,000,000
2021Saints$12,600,000$4,000,000$0$0$200,000$3,000,000$16,800,000--$12,800,000
2022Saints$15,350,000$4,000,000$250,000$0$200,000$0$19,800,000--$15,800,000
2023Saints$15,500,000$4,000,000$250,000$500,000$200,000$0$20,450,000--$16,450,000
2024Saints$18,500,000$0$250,000$750,000$200,000$0$19,700,000--$19,700,000
Total$76,646,086$21,922,888$750,000$1,250,000$800,000$16,780,724$101,368,974$101,368,974

Statistics

YearGames PlayedGames MissedSnapsReceivingRushingFumbles
InjuredHealthyOffenseSpecialRecYardsAvgTDAttYardsAvgTDTotalLost
2016151075.3%1.0%92113712.49000.0022
2017150075.3%1.2%98115111.75000.0000
2018150082.1%1.2%125140511.29000.0022
2019160088.6%1.4%149172511.691-9-9.0010

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$19,334,000$19,250,000
Injury Adjusted$19,334,000$19,250,000
test
OTC Valuation $3.2M $6.4M $9.7M $12.9M $16.1M APY $3.7M $7.3M $11.0M $14.7M $18.3M $6,576,000 $6,283,333

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.