The Atlanta Falcons have restructured quarterback Matt Ryan's contract, according to a report by WSB's Zach Klein.
Klein says Ryan was due $23 million this year in base salary and is now set to make $2 million in base salary with the remaining $21 million spread out over the next three years in guaranteed money. According to Spotrac.com, Ryan's cap hit is $26,912,500 this year. Ryan is under contract in Atlanta through the 2023 season.
All NFL teams have until 4 p.m. ET on March 17 to get under the cap.
Ryan, 35, is entering his 14th season in the NFL as the Falcons' starting quarterback. During the 2020 season, Ryan continued to play at a high level throwing for 4,581 yards and 26 touchdowns.