Falcons create cap space with Jake Matthews contract restructure

The Atlanta Falcons created a chunk of cap space this week. According to ESPN's Field Yates, the Falcons restructured left tackle Jake Matthew's contract which freed up about $7.1 million in cap room. Prior to the move, the Falcons had $2.6 million to work with, but now they have close to $10 million to spend, […]

Kelsey Kramer — College Football & NFL Trending News Writer

Sep 27, 2023 10:19 AM EDT

Falcons Pro Bowl left tackle Jake Matthews — Kyle Terada-USA TODAY Sports

The Atlanta Falcons created a chunk of cap space this week.

According to ESPN's Field Yates, the Falcons restructured left tackle Jake Matthew's contract which freed up about $7.1 million in cap room.

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

Prior to the move, the Falcons had $2.6 million to work with, but now they have close to $10 million to spend, per Spotrac.

There's speculation that with the new amount of cap space. the Falcons could be looking to sign someone to boost their offensive line or another linebacker with Troy Andersen now on injured reserve.

Matthews, 31, signed a three-year, $52,5 million extension with the team last year and the Pro Bowl left tackle has been a major reason why the Falcons' rookie Bijan Robinson has been off to a successful start in his career.