The Atlanta Falcons have restructured quarterback Matt Ryan's contract to free up $12 million in cap space, per Ian Rapoport of NFL Network.
Ryan previously carried a 2022 cap hit of $48,662,500, per Rapoport and Over the Cap. He's due $16,250,000 in base salary and a $7,500,000 roster bonus for a total of $23.75 million in compensation in 2022.
Atlanta had $4,200,017 in cap space before the restructure.
This article will be updated to provide more information on this story as it becomes available.
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