FLOWERY BRANCH, Ga. — Pro Bowl quarterback Matt Ryan and the Atlanta Falcons agreed to terms on a five-year contract extension.
A Falcons spokesman said the deal was finalized as Ryan led the offense through practice Thursday on the first day of training camp.
A person familiar with the situation said Ryan’s extension is for $103.75 million, with $59 million guaranteed. Ryan will average $20.75 million during the first three years of the extension.
“I think for the most part I was confident that it would get done in a timely fashion,” Ryan said. “I think both sides were. I didn’t stress about it too much.”
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Ryan, 28, is entering the sixth and final season of his original rookie contract and will earn a $10 million salary.
The quarterback is 56-22 in his NFL career, but dropped to 1-4 in the playoffs after the Falcons lost the NFC title game at home to San Francisco in January.
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