The Falcons created $10.5 million in salary-cap space by restructuring the contracts of Matt Ryan, Allen Bailey and Jake Matthews, according to NFLPA documents.
Ryan’s salary-cap number went from $24.1 million to $20.5 million for a $3.6 million cap saving.
Matthews’ salary-cap number went from $16.0 million to $10.5 million for a $5.5 million cap saving.
Bailey, who got him some upfront money in the form of a $3.2 million bonus, had his cap number reduced from $5.9 million to $4.5 million for a saving of $1.4 million.
The deals were restructured Saturday, according to the league’s transaction wire.
The Falcons said they were not in "salary-cap hell," but they needed to cut several players and complete the restructures to make room for all of their recent moves.
With the Todd Gurley and Dante Fowler deals not on the books yet, the Falcons have $12.5 million under the salary cap.
They’ll need $6.4 million for the rookie class.
--
The Bow Tie Chronicles Podcasts:
Can be found on Google, iTunes and TuneIn
For more content about the Atlanta Falcons:
Follow me on Twitter @DorlandoAJC
On Facebook at Atlanta Falcons News Now
Atlanta Falcons coverage on the Atlanta Journal-Constitution
Have a question? Email me at dledbetter@ajc.com
About the Author
Keep Reading
The Latest
Featured
