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Report: Falcons trim QB Matt Ryan’s massive cap hit

Sportsnaut
Nov 14, 2021; Arlington, Texas, USA; Atlanta Falcons quarterback Matt Ryan (2) smiles prior to the game against the Dallas Cowboys at AT&T Stadium. Mandatory Credit: Matthew Emmons-USA TODAY Sports
Nov 14, 2021; Arlington, Texas, USA; Atlanta Falcons quarterback Matt Ryan (2) smiles prior to the game against the Dallas Cowboys at AT&T Stadium. Mandatory Credit: Matthew Emmons-USA TODAY Sports

The Atlanta Falcons restructured quarterback Matt Ryan’s contract to save $12 million against the 2022 salary cap, ESPN reported Saturday.

The Falcons reduced the 36-year-old Ryan’s cap hit from $48.66 million — the highest in NFL history — to $36.66 million by adding three voidable years (2024-26) to his contract, which had two years remaining.

Ryan had been scheduled to earn $16.25 million in base salary in 2022 plus a $7.5 million roster bonus due March 19. His new base salary for the upcoming season is $8.75 million.

Atlanta had been over the salary cap when the month began, but now has $16.2 million in cap space with Ryan’s restructuring and Monday’s gambling-related suspension of wide receiver Calvin Ridley, according to the report.

Ryan enters his 15th season as the Falcons’ franchise leader in passing yards (59,735) and touchdowns (367). The four-time Pro Bowl selection was the league MVP in 2016.

–Field Level Media