NEW ORLEANS (AP) — The New Orleans Saints and leading receiver Michael Thomas have agreed on a new five-year, $100 million contract, his agent said Wednesday.
Andrew Kessler of the agency Athletes First, who joined colleague David Mulugheta in negotiating the deal with the Saints, said the contract pays Thomas about $61 million in guaranteed salary and bonuses.
The agreement, first reported by NFL Network, brings to an end Thomas’ training camp holdout that spanned five practices.
The Saints had a scheduled day off on Wednesday and Thomas was expected to join practice on Thursday.
Currently, Thomas’ average annual pay of $20 million represents a new high for NFL receivers, eclipsing the $18 million