The Atlanta Falcons have rewarded one of their most consistent players, giving left tackle Jake Matthews a three-year extension on Monday as the team prepares for free agency.
The #Falcons and LT Jake Matthews have agreed to terms on a 3-year extension, sources say. He gets $52.5M over the first three years. New money average of $18.5M and it gives ATL some much-needed cap space.
— Ian Rapoport (@RapSheet) March 14, 2022
Matthews, 30, restructured his contract last season to free up $8.6 million. His new deal will give the Falcons even more flexibility as he was set to earn over $24 million this season.
Matt Ryan reworked his contract earlier this week and Calvin Ridley’s suspension gives the team another $11 million off the books.
According to Over the Cap, the Falcons have $16.1 million in cap space without Matthews’ updated cap number for 2022. We’ll update the story with the official numbers once they become available.