The Atlanta Falcons and Jake Matthews have restructured his contract in order to save money against the salary cap.
The Falcons have converted his $13M base salary into a signing bonus which allows them to spread that money across the remaining three years of his contract.
Orlando Ledbetter of the AJC had the news.
The move guarantees the money for Matthews as well as knocks nearly $7M off the Falcons cap number for 2021.
This move makes the Falcons nearly cap neutral at only $5.6M over.
According to Ledbetter, defensive tackle Grady Jarrett and linebacker Deion Jones are also excellent candidates for a contract restructure. They’re both high cap numbers ($21M/$13M), and they’re both young at 27 and 26 respectively.