Taylor Heinicke. Mike Dinovo-USA TODAY Sports

Taylor Heinicke is sticking around in Atlanta but is taking a good-sized trim to do so.

Michael Rothstein of ESPN reported Tuesday that the veteran quarterback has agreed to a restructuring of his contract with the Falcons that will see him get a notable reduction in pay in 2024. Heinicke’s previously-expected base salary of $5 million for next season is reportedly dropping down to just $1.2 million. The 31-year-old also agreed to the removal of a $40,000 per game active roster bonus in his contract, Rothstein adds.

For the Falcons, who just gave a gigantic contract to their new starter Kirk Cousins, the restructuring of Heinicke’s deal nets them roughly $4.4 million in cap savings. Meanwhile, the Georgia native Heinicke gets to stick around in Atlanta for a second season.

Heinicke, a six-year NFL veteran, was mainly a backup to Desmond Ridder last season but drew four total starts after the Falcons benched Ridder. He went 1-3 in those starts, throwing for 715 yards with four TDs and four INTs.

Ridder, traded to Arizona last month, is no longer around. But Cousins has now arrived, and the Falcons, who have eight picks in the first six rounds of this year’s draft, could still select another QB. Nevertheless, it makes sense for Heinicke to stay put in his home state at a reduced rate, especially with all the extra bonus money he has already secured in his career.

More must-reads:

TODAY'S BEST
Nuggets star has worrying comment about latest injury
Broncos 'very unlikely' to bring back former NFL interceptions leader
Greg Olsen offers broadcasting advice to Tom Brady
Yankees' Juan Soto reacts to Hal Steinbrenner contract talk
Mets star has theory about closer Edwin Diaz's recent struggles
Scottie Scheffler arrested, still makes PGA Championship tee time
Timberwolves chew up Nuggets to force Game 7
Rangers secure spot in conference finals after stunning third-period comeback over Hurricanes
Xander Schauffele makes history in first round of PGA Championship
Yankees' Hal Steinbrenner shares massive Juan Soto contract update
Steelers' Cameron Heyward addresses contract holdout
Knicks star ruled out for potential closeout game
Dodgers starter undergoes season-ending UCL surgery
Clemson’s Dabo Swinney gives smug response about not using transfer portal
Caitlin Clark's debut was most-watched WNBA game in more than 20 years
Watch: Chris Kreider's natural third-period hat trick shatters Hurricanes' comeback hopes
Veteran NFL safety will either play for this team or retire in 2024
Former Red Wings head coach linked to open NHL job
How Patriots' Drake Maye has already impressed Jacoby Brissett
LeBron James, Giannis Antetokounmpo, Stephen Curry among Forbes' highest-paid athletes for 2024

Want more sports news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.