The sides had until 4 p.m. ET to agree to the deal with Jarrett, who initially received the $15.209 million franchise tag. Jarrett signed the tag in April, which was a precursor to the long-term deal.
Now with Jarrett signed, the Falcons can focus their attention on getting new deals done for top wide receiver Julio Jones and linebacker Deion Jones. Team owner Arthur Blank already said both players would be "Falcons for life,'' and Jones said he's not worried about his contract situation because Blank has spoken.