D. Orlando Ledbetter of the Atlanta Journal-Constitution reports that the Falcons have restructured the contract of LT Jake Matthews and converted $13 million of his salary into a signing bonus.
Tom Pelissero adds that this move created $7.95 million of cap room for the Falcons.
Matthews, 29, was taken with the No. 6 overall pick by the Falcons back in 2014. He was entering the final year of his four-year, $16.5 million rookie contract and set to make a base salary of $690,000 for the 2017 season when the Falcons picked up his fifth-year option.
Matthews signed a five-year, $75 million extension with the Falcons in 2018.
In 2020, Matthews appeared in all 16 games for the Falcons, making 16 starts for them at left tackle.
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