Falcons free up cap space by reworking Matt Ryan's contract

(MGN Online)

Tuesday, March 12, 2019

Undaed--The Atlanta Falcons have gained some much-needed salary cap room by restructuring quarterback Matt Ryan's contract. The Falcons confirmed that $8.75 million of Ryan's 2019 base salary will be paid as a signing bonus.

The adjustment to Ryan's contract was first reported by ESPN.

The move creates $7 million in cap space, leaving the team with approximately $13.5 million in cap space. Ryan signed a five-year, $150 million extension in 2018.

Even after Tuesday's move, the Falcons still rank only 27th in the NFL in available cap room, according to Spotrac.