By Mike Florio | PFT
Yes, $20 million per year gets halfway around the world before $19.25 million per year gets its pants on.
When it comes to the contract signed by Saints receiver Michael Thomas, it most definitely is not a five-year, $100 million contract extension. It’s a five-year, $96.25 million base deal, with the opportunity to bump the contract to $100 million based on performance in 2022 and 2023.
Here is the full breakdown of the contract, followed by some analysis.
1. As previously reported, Thomas gets a signing bonus of $20 million.
2. 2019 base salary: $1.648043 million, fully guaranteed.
3. 2020 base salary: $11 million, fully guaranteed.
4. 2021 base salary: $12.6 million, $3 million of which is fully guaranteed at signing. The remaining $9.6 million is guaranteed for injury only at signing, and it becomes fully guaranteed on the third day of the 2021 league year. ...
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