The Falcons didn’t have enough room to sign their rookie class a month ago; OverTheCap estimated that Atlanta would need approximately $7 million to sign its 2022 draft class with the pre-draft projection of $3.4 million cap space. However, things have changed.
First, the Falcons decided to cut ties with Mike Davis after selecting BYU running back Tyler Allgeier in the fifth round. This move created $2.5 million in ceiling space. Then the Falcons and Grady Shank agreed to a lucrative, three-year, $51 million contract extension that locked down one of the lone mainstays on the roster and simultaneously lowered his cap reached this year. Jarrett’s $12.9 million cap in 2022 saves the team $10.9 million.
As it stands after those moves, the Falcons had just under $16 million in cap space, according to OTC. And now, Terry Fontenot is signing those rookie deals.
The Falcons announced Thursday afternoon that they have reached an agreement with first-round pick Drake London. Atlanta signed a four-year deal in London with the fifth-year universal option for each first-rounder worth a reported total of $24.66 million, according to OverTheCap. London will carry a cap of $4.48 million in 2022.