Up against the salary cap this offseason, the Falcons made three lower-level signings Sunday. They have also restructured a few contracts.
The Falcons restructured the deals of Matt Ryan, Jake Matthews and Allen Bailey, D. Orlando Ledbetter of the Atlanta Journal-Constitution notes. This marks an interesting move for Ryan, who restructured his deal at the end of last season. He was already set to have cap figures north of $39MM in 2021 and 2022.
Ryan was to comprise $24.1 m of Atlanta’s 2020 cap, while Matthews was to account for $16 million of it. Bailey’s two-year deal included a $5.9 million 2020 cap number.
Ryan and the Falcons agreed on a five-year, $150 million extension in May of 2018. He is under contract through 2023. Before the revised figures from this latest restructure, Ryan’s 2023 cap number sat at $34 million. Signed to a five-year extension worth $72.5 million in July 2018, Matthews is also under contract through 2023. His next four cap numbers are north of $16 million, so it should be expected that some of them will rise as a result of this adjustment.
Atlanta added Laquon Treadwell and offensive lineman Justin McCray on Sunday and also re-signed Blidi Wreh-Wilson. The Falcons added Todd Gurley on Friday and authorized a $16 million average-annual-value deal for Dante Fowler. Considering the Falcons’ minimal cap room, these Ryan and Matthews restructures were surely necessary to accommodate the Fowler pact. The Falcons also cut Desmond Trufant and Devonta Freeman to clear space.
You'll receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams.
Emailed daily. Always FREE!