Report: Michael Thomas to stay with Saints on new one-year deal

The New Orleans Saints have agreed to a restructured contract with wide receiver Michael Thomas, according ESPN’s Adam Schefter.

Saints restructured Michael Thomas’ contract, reaching agreement on a one-year, $10 million deal that has a max value of $15 million, per source. Thomas staying in New Orleans. pic.twitter.com/BcfB5nQCvz

— Adam Schefter (@AdamSchefter) March 14, 2023

Schefter indicates it is a one-year, $10 million deal with a maximum value of $15 million.

It’s the second time this offseason that the former All-Pro wideout agreed to a new contract. Thomas previously restructured his deal with the Saints on Jan. 7, according to ESPN’s Field Yates. The 2023 salary was reduced to $1.2 million from $15.5 million but a 2024 roster bonus of $31.8 million was added and set to fully guaranteed this Friday (before the latest changes).

Due to various injuries, the 30-year old Thomas has played in just 10 games over the past three season.