In March, the Falcons managed to carve out a niche for themselves by restructuring the contract of Matt ryan. However, it appears that at least one member of the front office was not a supporter of the move. According to Tori McElhaney of The Athletic, general manager of the Falcons Terry Fontenot “Didn’t really want to make” the move.
Fontenot was appointed managing director in January and the organization needed an immediate respite to participate in the early parts of the offseason. While Ryan’s restructuring lowered the quarterback’s cap to $ 14 million, it also converted $ 21 million of Ryan’s next $ 23 million base salary into future signing bonuses (spread over the duration of his contract). This means Fontenot will have to face a confused selection sheet again in the next offseason, something he was presumably looking to avoid.
According to the writer, the newly hired GM ultimately “thought his hands were tied,” and he believed the team’s only solution to opening up the space needed was to restructure Ryan or cut Deion Jones. In the end, the organization decided to rework Ryan’s contract, the fourth time the quarterback has restructured his mega-deal. Ryan will now have caps north of $ 40 million in 2022 and 2023.
The team (temporarily) made a commitment to Ryan when they decided not to select a quarterback in last year’s draft. Considering the money that is owed to Ryan over the next few years, the team will likely be stuck with the veteran. Ryan hasn’t made a Pro Bowl since 2018, but he still managed 65.6% of his passes while averaging 26 touchdowns against 12.5 sacks over the past two years. Ryan won’t have one of his favorite targets with Julio Jones out of the picture, but the team still added a tight end Kyle pitts with the # 4 pick to pair with the 2020 All-Pro Second Team Calvin ridley.
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