The Atlanta Falcons restructured their contract with quarterback Matt Ryan on Saturday, reducing the roughly $48.66 million in cap space he would otherwise occupy by $12 million.
Matt Ryan’s contract runs until the end of the 2023 season. The Atlanta Falcons added three voidable years and changed the $7.5 million in base salary and $7.5 million roster bonuses to signing bonuses, thereby spreading the amounts evenly across years.
Matt Ryan passed for 3,968 yards, 20 touchdowns and 12 interceptions last season. This is the first time he has had fewer than 4,000 passing yards since the 2010 season. Matt Ryan also had 40 sacks last season — a streak that has continued into his fourth season.
Atlanta Falcons owner Arthur Blank said in February that the team has considered a plan to replace Matt Ryan and is in the process of hiring a new coach and general manager.