The Matt Ryan restructuring hasn’t happened, making a trade easier

New Orleans Saints v Atlanta Falcons
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The Falcons have restructured quarterback Matt Ryan‘s contract. Unless they haven’t.

Reported by NFL Media as a done deal six days ago, the deal hasn’t been done. As explained during PFT Live and as the Falcons have since confirmed to PFT, the restructuring of Ryan’s deal has not been finalized.

It means that the new league year began with Ryan having an unprecedented cap charge of $48.66 million. The new deal would have dropped his cap number by $12 million, to $36.66 million.

Under the restructured deal, trading Ryan before June 1 would trigger a cap charge of $55.5 million for 2022. Under the current deal, a pre-June 1 trade would result in a cap charge of $40.525 million.

Thus, it makes sense to hold off on re-doing the deal until the Falcons know whether they’ll be getting Watson.

Here’s the catch. The clock is ticking. Ryan is due to receive a $7.5 million roster bonus tomorrow. Which means that, if he’s not off the roster by 4:00 p.m. ET today, the cap charge for a pre-June 1 trade moves to $48.025 million.

In Cleveland, the pursuit of Deshaun Watson quickly became a sense that the Browns will be dumping Baker Mayfield, even if they don’t get Watson. In Atlanta, if the Watson chase is the first step toward a Ryan divorce, then he’ll quite possibly be traded today.

13 responses to “The Matt Ryan restructuring hasn’t happened, making a trade easier

  1. That’s where he’s going. It will be a bitter pill for the Saints and Panthers to swallow, but I think it’s the most stable team, and Blank has shown he’ll do everything to win and has done so to great effect in the past.

  2. Just like Cousins, why would a team want to eat that contract for a very mediocre player that is well past his prime, unless the Falcons are willing to pay a good part of his salary and it is for like a 6th round draft pick.

  3. The Colts need to get this guy right now. I’m getting sick and tired of the colts sitting around doing absolutely nothing in free agency year after year especially after making it a point to say they would be active in free agency this year. What on earth are they waiting for? Why aren’t they getting Ryan right now?

  4. At Ryans age, if he wants a chance at a trophy, his best bet is a trade… As poorly as the Falcons are built, they won’t be contenders for another 2 years… If they give up 3 1s and 2s, the Falcons won’t be contenders for 3-5 years…

  5. The Colts makes the most sense . They have cap room and can rework his deal to lower his immediate cap hit . While not a huge talent upgrade from Wentz thinking his value comes from being a respected veteran who isn’t going to crumble under pressure the complete opposite of Wentz .

  6. nfldivas says:
    March 17, 2022 at 10:24 am

    Just like Cousins, why would a team want to eat that contract for a very mediocre player that is well past his prime, unless the Falcons are willing to pay a good part of his salary and it is for like a 6th round draft pick.
    ========================================================
    Please explain how Cousin’s is mediocre with 33 tds & 7 ints? Those numbers are in no way mediocre or you just don’t know what mediocre means.

  7. You can always tell who doesn’t watch football and regurgitates what they’re told. The Falcons drafted very well last year, but yeah, they’re poorly built. The NFC has like two legit contenders in the conference, and the Falcons in full rebuild were in the playoff hunt late in the year last year.

  8. How does a high cap number make a trade easier? Or is the idea that he would be immediately restructured by his new team?

  9. Colts make too much sense. Especially since they play in a dome for an aging QB. They are a competent QB away from being a contender. Ryan could have a chance at a trophy with that Oline and running game. Colts + Ryan are probably the favorite in the South. Browns are the other somewhat similar fit.

  10. Or, if Watson still hasn’t made up his mind, Atlanta drops out of the chase, and Ryan is mature enough to take it in stride and still play well another year.

  11. As a Niners fan, I’d rather keep Jimmy for another year than take on Matt Ryan

  12. Please explain how Cousin’s is mediocre with 33 tds & 7 ints? Those numbers are in no way mediocre or you just don’t know what mediocre means.

    He only puts up stats in garbage time. He is extremely mediocre. Just like Dak.

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