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Cost-cutting Atlanta Falcons release veteran guard James Carpenter

ATLANTA -- The Atlanta Falcons have saved almost $4 million from the 2021 salary cap by cutting veteran offensive guard James Carpenter.

Tuesday's move comes after the team already cleared almost $11 million in cap space by releasing two veterans, safety Ricardo Allen and defensive end Allen Bailey.

More cuts are expected. The Falcons remain almost $12 million over the projected salary cap of $180 million and they face a major overhaul with new coach Arthur Smith and general manager Terry Fontenot.

Fontenot said last week the Falcons, coming off a 4-12 season, will have to be creative in how they build the roster for 2021.