Saints restructure Michael Thomas, Ryan Ramczyk

Divisional Round - New Orleans Saints v Minnesota Vikings
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As usual, the Saints are over the salary cap as the new league year approaches. And as usual, they’re restructuring contracts to change that.

Today the Saints have created $26.217 million in cap space by restructuring the contracts of wide receiver Michael Thomas and offensive tackle Ryan Ramczyk, according to Field Yates of ESPN.

For both players, that means converting almost all of their 2022 base salaries into signing bonuses. Base salaries count against the entire 2022 cap, but signing bonuses are spread equally across all years of the players’ remaining contracts.

For Thomas in particular, this should remove any doubt that he will remain with the Saints. There had been some talk that the Saints might be ready to move on from Thomas, both because he has struggled to stay healthy and because of a perception that he hasn’t been on the same page as the coaching staff. But this move makes clear that the plan is for Thomas to be a Saint in 2022.

Even after these moves, the Saints are over the 2022 cap, so they have more moves to make before the new league year starts on March 16.

27 responses to “Saints restructure Michael Thomas, Ryan Ramczyk

  1. Multiple contract restructurings are the sign of poor GM work. There is a reason Brees only played in 1 SB in 15 years there.

    Bad GM work overall.

  2. Michael Thomas is taking the Saints to the woodshed.. by “restructure” they mean signing bonus.. giving him cash now for services not rendered last season.

  3. The job of the GM is to build a roster that always makes it to the playoffs and puts itself in a position to advance to the SB.

    Loomis can’t tackle Stefon Diggs (any better than Marcus Williams could) and he certainly can’t call a PI on Robey-Coleman. That’s 2 more SB appearances right there alone.

    All of that said – I would let Michael Thomas walk – showed his cards as being a cancer.

  4. ethanallenhawley says:
    February 26, 2022 at 11:07 am
    The job of the GM is to build a roster that always makes it to the playoffs and puts itself in a position to advance to the SB.

    Loomis can’t tackle Stefon Diggs (any better than Marcus Williams could) and he certainly can’t call a PI on Robey-Coleman. That’s 2 more SB appearances right there alone.

    All of that said – I would let Michael Thomas walk – showed his cards as being a cancer.

    106Rate This
    ——————-

    From 2010-2017, the Saints D sucked. Rodgers had the same problem in Green Bay.

    The GMs blew their peak years.

    You people have been basking in the glory of a sb win from a decade ago.

  5. Multiple contract restructurings are the sign of poor GM work. There is a reason Brees only played in 1 SB in 15 years there.

    Bad GM work overall.
    __________________________

    Cap hell! Cap hell!!

  6. You gave Thomas no incentive to actually play this year by paying him upfront. Terrible idea. A shady season ending week 1 injury is gonna happen.

  7. touchback6 says:
    February 26, 2022 at 10:54 am
    Multiple contract restructurings are the sign of poor GM work. There is a reason Brees only played in 1 SB in 15 years there.

    Bad GM work overall.

    ———-
    What does it say about a GM when he spends a lot of money on free agents and his defense gives up 7 TDs in 7 possessions to a division rival in a postseason game? Is that meltdown on the GM or the Coach?

  8. We can start to see why head coach Sean Payton decided to jump ship when he did…no QB and extremely poor cap management. This almost guarantees a lost ‘22 season before it starts,whether Payton had stayed or not.

  9. Non GM cap experts are so exhausting. Saints figure it out every year. As far as 1 SB over 15 years? How many teams have more than one since 2006 besides the Patriots? I’ll take the one, thanks.

  10. Good job Mickey, keep working your magic, salary cap be damned!! Now take care of DeMario, Kwon, both Williams, and Armstead, resign Jameis, get a FA WR, draft QB or WR in r1 & r2, get C, OG, or TE in r3 & r4, r5/6/7 go RB, OL, or CB. Then extend Ceedy Duece day after the draft!!

  11. Stop with the ‘there’s two Super Bowl appearances there’ theme. If Marcus Williams tackles Diggs ( instead of his own teammate) they still had to face The eventual Super Bowl champion Philadelphia Eagles in the NFC Championship game.

  12. Should have purged the roster, especially Thomas, took the lumps this year (ie tank) and use the high draft pick next year to draft a QB since they do not currently have a real QB on the roster and it will be a struggle to win just few games. And, maybe trade some of the players while they still have value.

  13. sharpdressedfan17 says:
    February 26, 2022 at 11:59 am
    We can start to see why head coach Sean Payton decided to jump ship when he did…no QB and extremely poor cap management. This almost guarantees a lost ‘22 season before it starts,whether Payton had stayed or not.
    —————————————————————————————————————-
    They went 9-8 without their number one receiver and having to start four different QBs. I hardly think that their restructures are somehow going to equal a lost season in 2022.

  14. I don’t have a problem with it. Rams and Bucs have one the last two Super Bowls with creative cap management.

    Saints have a solid D but clearly need to get offensive help or hope that Jameis comes back balling.

  15. umourville says:
    February 26, 2022 at 12:13 pm
    Stop with the ‘there’s two Super Bowl appearances there’ theme. If Marcus Williams tackles Diggs ( instead of his own teammate) they still had to face The eventual Super Bowl champion Philadelphia Eagles in the NFC Championship game.

    The Saints would’ve easily beat the Eagles at Home that season. They did it a few years ago giving the Saints the first playoff win in temps under 40.

  16. Love the haters grinding away. Loomis is almost as big a part of the Saints success over the past 16 years as Sean Payton was. He is creative, low key, thinks big, and still manages to bring in talent to compete at a high level each year. Last year was arguably one of their best -a winning record, despite relocation, 4 QBs, and massive injuries. Oh, and a squad that beat the defending SB champs twice, and shut them out at their place.

  17. Sean Payton swore by Taysom Hill lol and after 1-year without Brees he leaves the team in cap hell

  18. I don’t think we can ever count on the Saints beating someone easily in the playoffs. They are mentally fragile and always one bad play away from unraveling.

  19. Make no mistake…this is Sean Paytons mess and he showed his true colors by racking up a complete mess with regards to the cap and then bailed. He had Loomis push the cap hell on down the road then he bailed when it came time to deal with it. Yet he seems to get a pass by almost all “reporters” on the complete mess he left for others to clean up. Dealing with the aftermath of Paytons tenure will kill more than few careers of those left to clean it up.

  20. I think this is the time to just do what needs to be done and start to get out of cap hell. Would have been better to see if they could trade Thomas for some picks but there may not be much market considering what he pulled last season.

  21. At some point they will have to eat the cap they are borrowing. NE had to do it when Brady left and were able to spend like crazy and surround Jones with a nice team. This wouldn’t be a bad year for the Saints to do that but its possible that is not feasible for certain reasons.

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