The Saints and Michael Thomas seem to be making some progress on contract talks, as Jeff Duncan of The Times-Picayune tweets. Thomas’ camp has lowered its asking price to $22MM/year, though they remain about $4MM apart in terms of average annual value. Nothing is imminent, as Thomas is currently on vacation in Europe.
Already, the Saints are willing to go to $18MM/year, which would match Odell Beckham Jr.’s average annual value. If the two sides meet in the middle and split the difference, Thomas will be the league’s highest-paid wide receiver in terms of new money AAV, though a forthcoming extension for Julio Jones could knock him down a notch.