Davison was owed a base salary of $3.45 million in 2020 and Klein reports that the Falcons reduced this figure to $1.45 million and guaranteed him $500,000 as part of the move.
Klein adds that the third year of Davison’s contract remains unchanged.
Davison, 28, was a fifth-round draft pick by the Saints in 2015 out of Fresno State. He played out the final year of his four-year rookie contract before agreeing to a one-year contract with the Falcons last year.
The Falcons re-signed Davison to a three-year extension last March.
In 2020, Davison appeared in all 16 games for the Falcons and recorded 36 tackles and a half sack.