Falcons restructure Jake Matthews’ contract, free up $7 million

The Atlanta Falcons restructured the contract of left tackle Jake Matthews to free up over $7 million in cap space, ESPN’s Field Yates reported Wednesday morning.

A portion of Matthews’ 2023 base salary was converted into a signing bonus, according to Yates.

The Falcons have restructured the contract of LT Jake Matthews, converting base salary into signing bonus and creating about $7.1M in 2023 salary cap space.

— Field Yates (@FieldYates) September 27, 2023

The team has yet to officially announce the restructure. According to Over The Cap‘s projections, the Falcons currently have just over $600,000. That number would bump up closer to $8 million with Matthews’ restructured deal.

Check out the team’s updated 53-man roster, practice squad and depth chart heading into Sunday’s game in London.

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