Saints’ Michael Thomas Reduces Asking Price

The Saints and Michael Thomas seem to be making some progress on contract talks, as Jeff Duncan of The Times-Picayune tweets. Thomas’ camp has lowered its asking price to $22MM/year, though they remain about $4MM apart in terms of average annual value. Nothing is imminent, as Thomas is currently on vacation in Europe.

Already, the Saints are willing to go to $18MM/year, which would match Odell Beckham Jr.’s average annual value. If the two sides meet in the middle and split the difference, Thomas will be the league’s highest-paid wide receiver in terms of new money AAV, though a forthcoming extension for Julio Jones could knock him down a notch.

Thomas, who leads the league in receptions (321) over the past three seasons and ranks fifth in yards (3,787) since the start of the 2016 season, is likely looking to be the NFL’s highest-paid receiver in every major contract category, which would include AAV, total value, total guarantees, and full guarantees. It’s a safe bet that he’ll check most of those boxes after notching a league-leading 125 catches, a career-high 1,405 yards, and a career-high matching nine touchdowns.

Thomas’ effort landed him a First-Team All-Pro nod in 2018 and at the age of 26, he’s just getting warmed up.

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