The largest cap hit in the NFL is coming down.
The Atlanta Falcons are restructuring quarterback Matt Ryan's contract, lowering the $48,662,500 cap hit he was initially going to be at for the 2022 season by $12 million, according to Roster Management System.
The team converted $7.5 million of his base salary and a $7.5 million roster bonus that was initially due next week into a signing bonus to spread it out over more years to give the Falcons some more room to play with. Ryan's new cap number for 2022 is $36,662,500 and his new base salary is $8.