The Falcons signed running back Terrence Magee and waived running back Demario Richard on Wednesday.

The Falcons released Magee on May 15 to make room for safety Jason Hall.

Richard was a highly productive back at Arizona State. He rushed for over 1,000 yards twice in his career and caught the ball well out of the backfield. He rushed 646 times for 3,196 yards and 26 touchdowns. He caught 70 passes for 668 yards and seven touchdowns.

Richard received a $4,000 bonus from the Falcons.

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Atlanta Falcons owner Arthur Blank watches as Carolina Panthers kicker Ryan Fitzgerald makes the game-winning field goal to beat the Atlanta Falcons 30-27 in overtime. The Falcons' loss was their fifth straight and dropped them to 3-7. (Miguel Martinez/AJC)

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