Entering today, the NFLPA has the Falcons with $17,757,523 of cap space.
Schraeder, 28, signed on with the Falcons as undrafted free agent out of Valdosta State back in 2013. He played out his three-year, $1,487,000 rookie contract with the team before Atlanta used a second-round tender on him last year.
Schraeder was headed towards becoming an unrestricted free agent when the Flacons signed him to a five-year, $32 million extension that included $7.5 million guaranteed last November.
In 2016, Schraeder appeared in all 16 games for the Falcons and is rated by Pro Football Focus as the No. 13 offensive tackle out of 78 qualifying players.