Michael Thomas has reached agreement with the New Orleans Saints on a five-year extension worth up to $100 million that includes $61 million guaranteed and makes him the NFL's highest-paid wide receiver, league sources told ESPN's Adam Schefter on Wednesday.
Thomas is now tied to the Saints for the next six years, through the 2024 season.
Thomas' deal is $19.25 million per year, for a total of $96.25 million, and he will need to reach elite-performance escalators in both 2022 and 2023 to push the total value to $100 million, sources said.
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