Falcons QB Matt Ryan signs five-year, $150 million extension
Following weeks of dialogue centered on a new contract for Atlanta Falcons star quarterback Matt Ryan, the two sides have finally come to terms on a massive extension, as Tom Pelissero of The NFL Network is reporting that he has agreed to a five-year, $150 million deal.
It's a five-year, $150 million extension for Matt Ryan on top of the year he had left on his existing deal, source said. Now under contract with the #Falcons through 2023.
— Tom Pelissero (@TomPelissero) May 3, 2018
This was expected to happen at some point this offseason, with both sides voicing optimism about a resolution all offseason. Ryan was heading into the final year of his five-year, $103.7 million deal that had him on pace to enter the 2019 free-agent market, but this new deal keeps him in place for the next six years.
There was no timetable for a new contract to get done, but both sides had their eyes squarely set on hammering it out well ahead of the 2018 campaign. This new deal also makes Ryan the first quarterback to get $100 million guaranteed and a $30 million annual value, according to Chris Mortensen of ESPN.
Matt Ryan has agreed to a 5 year extension with @AtlantaFalcons that makes him first $30 mill per year QB w $100 mill guaranteed, per league and team sources.
— Chris Mortensen (@mortreport) May 3, 2018
In his first 10 seasons in the NFL, Ryan has brought stability and great success to the Falcons franchise with six playoff appearances and three NFC South division titles. He has led the team to .500 or better records eight times while notching double-digit wins six times. The 32-year-old has strung together an impressive career that has seen him earn four Pro Bowl selections, a First-Team All-Pro nod, an NFL MVP award, and the NFL Offensive Player of the Year.
Ryan is also just a season removed from garnering his first MVP award after setting franchise-best marks with 4,944 passing yards and 38 touchdown passes along with the fifth-best passer rating all-time at 117.1. This new extension not only keeps him in him Atlanta for the long haul, but it could have a tremendous impact on the next round of deals for other star quarterbacks in the league, primarily the Green Bay Packers’ Aaron Rodgers.