Falcons 2022 salary cap update after Grady Jarrett contract extension
Prior to the NFL Draft, the Falcons lacked the funds to pay for their rookie class. OverTheCap estimated the Falcons would need about $7 million to sign their 2022 draft class, and their pre-draft projection of the team’s salary cap was $3.4 million. However, circumstances have changed.
First, the Falcons decided to cut ties with Mike Davis after selecting BYU running back Tyler Allgeier in the fifth round of the draft. This move created $2.5 million in ceiling space.
Then the Falcons and Grady Jarrett agreed to a lucrative, three-year, $51 million contract extension that locked in 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.
The Falcons can still cut Kendall Sheffield to save another $2.5 million. Sheffield are not going to enter the rotation from the starting corner unless there are unforeseen injuries, so that seems like a no-brainer.
As it stands, the Falcons currently have just under $16 million in cap space, according to OTC. Once the rookie class is signed, that should leave Atlanta with around $10 million to spend. Some of that will be saved for an emergency fund during the season, but the Falcons will also have room to add a free agent or two.
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