The Atlanta Falcons restructured the contracts of QB Matt Ryan, DL Allen Bailey and LT Jake Matthews on Saturday, according to the NFL’s transactions list.
The Falcons have been in a tough cap situation this offseason, which has resulted in them cutting some notable players in RB Devonta Freeman and CB Desmond Trufant. However, Atlanta managed to sign DE Dante Fowler and have a pending deal with RB Todd Gurley.
Ryan’s contract has been a source of cap space for the Falcons in recent years. In fact, they reworked his deal back in December.
Atlanta also restructured Matthews’ contract last September.
Ryan, 34, is a former first-round pick of the Falcons back in 2008. He was 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 $8 million and $23,000,000 over the next two years.
15 games for the Falcons and completed 66.2 percent of his passes for 4,466 yards, 26 touchdowns and 14 interceptions. He also rushed for 147 yards and a touchdown. Pro Football Focus has him rated as the No. 15 quarterback out of 37 qualifying players.
Matthews, 28, 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. He stands to make base salaries of $10,550,000 and $13 million over the next two years of the agreement.
In 2019, Matthews appeared in all 16 games, making 16 starts at left tackle. Pro Football Focus has him rated as the No. 13 tackle out of 81 qualifying players.
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