A few weeks ago, a few hours before the start of the NFL legal tampering period, the Falcons and Jake Matthews have reportedly agreed to a three-year extension. By above the ceilingHere are the details of the new agreement:
Jacques Matthews signed a three-year contract extension worth $55.5 million with the Falcons. Matthews has received $42 million in guarantees of which $26.6 million is fully secured at signing. Matthews’ 2022 and 2023 base salaries are fully guaranteed and he received a $12.5 million signing bonus. If on the roster on day 5 of the 2023 league year, his salary of $15.5 million in 2024 will be fully guaranteed. Additionally, he will earn a $10.5 million roster bonus that day. Matthews had two years left on his previous contract when he signed this extension. The extension created $8.5 million in salary cap space in 2022.
The $15 million cap Matthews hit in 2022 is a great number, but his nearly $34 million cap hit in 2023 is troubling. Falcons fans can fully expect the front office to convert their roster bonus to lower that number next year. It’s a reasonable extension for one of the most consistent tackles in the league. Whatever quarterback prospect the Falcons end up drafting, his blind spot will be covered.
If Matthews’ game declines dramatically, the Falcons have a way out. Cutting the old Aggie would cost the Falcons $7.5 million in 2024, $5 million in 2025 and $2.5 million in 2026.
Photographer: Rich von Biberstein/Icon Sportswire
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