Falcons reportedly restructure Jake Matthews contract to free up cap space

Photo by Jonathan Bachman/Getty ImagesAtlanta was always going to have to re-work some contracts to get under the cap, given that they don’t have a ton of obvious candidates to cut. They’re getting that party started with a restructure of Jake Matthews’ deal, per the Atlanta Journal-Constitution’s D. Orlando Ledbetter, one that will free up $8.6 million in cap space.

We’ll get more details in the hours and days ahead, but this restructure should get Atlanta pretty close to being out of the red. Per Over the Cap, they were about $14.2 million over the cap heading into this morning, and the move with Matthews gets them within striking distance. They’ll need to clear more than the remaining…