The Falcons have said again and again that they’re trying to focus on the future while remaining competitive now. Given that, it was an open question how they’d address Matt Ryan’s contract, given that he was carrying nearly a $48.7 million cap charge in 2022 that figured to be significantly less in 2023. Would they stand pat and eat the charge, extend Ryan, or restructure him?
Per Brad Spielberger at Pro Football Focus, the Falcons chose the last option, a report confirmed this evening by NFL Network’s Ian Rapoport. The expectation is that the team will free up $12 million, giving them some breathing room against the cap this year.