According to Field Yates of ESPN, the Falcons created $7 million in cap space by converting $8.75 million of QB Matt Ryan‘s base salary in 2019 into a signing bonus.
The Falcons have had limited cap room to work with this offseason, but this will give them some flexibility to make a move or two, depending on how much they’re looking to spend.
Ryan, 33, is a former first-round pick of the Falcons back in 2008. He’s entering the final year of his six-year, $103.75 million contract when he agreed to a new five-year, $150 million extension with the Falcons last year that included $100 million guaranteed.
Ryan stands to make base salaries of $11,500,000 and $20,500,000 over the next two years.
In 2018, Ryan appeared in all 16 games for the Falcons and threw for 4,924 yards while completing 69.4 percent of his passes to go along with 35 touchdowns and seven interceptions. He also rushed for 125 yards and three touchdowns.
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