The Saints and WR Michael Thomas agreed to a restructured contract, ESPN's Field Yates reports. Thomas' 2023 base salary was reduced from $15.5 million to $1.165 million, with a $31.755 million roster bonus for the 2024 league year added that becomes fully guaranteed on the 3rd day of the 2023 league year. In short, this means we'll get a decision on Thomas' future with the Saints by mid-March. Releasing Thomas would still result in a dead-cap charge of nearly $26 million. Thomas turns 30 in March and has played in just 10 games over the past 3 seasons. He had surgery in November to repair a dislocated 2nd toe.
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