New Orleans Saints WR Michael Thomas agreed to a five-year, $100 million extension Wednesday, July 31. The deal includes $61 million guaranteed, and he becomes the highest-paid receiver in the league, through the 2024 season.

Footballguys View: Thomas was in the final year of his new contract and now gets the money he deserves, especially after catching 321 passes for 3,787 yards and 23 touchdowns through his first three seasons in the league. Fantasy GMs know what he can do as the top target for QB Drew Brees, and Thomas has a current ADP of WR4 (1.10) in 12-team PPR leagues.