The Atlanta Falcons have restructured quarterback Matt Ryan's contract to help create salary cap space for the upcoming 2021 season.
The Falcons took $21 million of Ryan's base salary for 2021 and converted it into a signing bonus spread out over the 2021, 2022 and 2023 seasons. Doing so knocked Ryan's cap number for this season from $40,912,500 down to $26,912,500, according to Roster Management System.
This move helps get Atlanta get under the salary cap by the time the new league year begins Wednesday afternoon.
The move took Ryan's proration for each year up to $24,912,500 for this season and next season and bumped his 2023 bonus proration to $15,612,500.