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Sources: Falcons find $5M to help with Julio deal

The Atlanta Falcons restructured two contracts Wednesday to free up more cap space, which would create more breathing room for the team to absorb a Julio Jones extension while having space for any signings throughout the season.

The Falcons converted the base salaries of free safety Ricardo Allen and left tackle Jake Matthews into signing bonuses to create $5 million in cap space, a source told ESPN's Field Yates. The team converted $4.375 million of Matthews' $6.5 million base salary and $2.25 million of Allen's $3.5 million base salary.

The NFL Network was the first to report the restructured deals.