Tag: D. Orlando Ledbetter

Falcons restructure Jake Matthews’ contract, create $8.6 million

With less than a week to get under this year’s cap of $182.5 million, the team has reportedly restructured one of its bigger contracts. 

The Atlanta Falcons are near the bottom of the league in terms of salary cap space for the upcoming NFL season. With less than a week to get under this year’s cap of $182.5 million, the team has reportedly restructured one of its bigger contracts.

According to D. Orlando Ledbetter of the Atlanta Journal-Constitution, the Falcons restructured veteran offensive lineman Jake Matthews‘ contract to create $8.6 million in new cap space.

Per Ledbetter’s report, Matthews’ $13 million base salary was converted into a signing bonus, meaning it can be spread over the remaining three years of is contract.

Atlanta was roughly $14 million over the cap prior to Matthews’ reported restructuring, and now will be less $6 million away from getting out of the red. The team released starting left guard James Carpenter on Wednesday and may not have enough space to re-sign former All-Pro center Alex Mack.

On Thursday, the Falcons re-signed four players, including kicker Younghoe Koo, defensive lineman Jacob Tuioti-Mariner and wide receiver Christian Blake.

In honor of Matthews’ team-first move, let’s check out one of his best blocks since putting on a Falcons uniform.

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