The Falcons have created $4.8MM in cap space by converting offensive tackle Ryan Schraeder‘s $6MM roster bonus into a signing bonus, tweets Field Yates of ESPN.com.
Schraeder, 28, agreed to a five-year, $30MM extension with Atlanta in November (a deal that, given the free agent tackle market, he may now regret). Originally scheduled to count $7.1MM against the Falcons’ 2017 salary cap, Schraeder will now only take up $2.3MM. He won’t be losing any money, and in fact will likely now be paid earlier. Schraeder’s cap charge will increase by $1.2MM from 2018-2021.
In 2016, Schraeder started 16 games for the second consecutive season, bringing his career total to 46 starts in 58 games. The former undrafted free agent graded as the league’s No. 13 offensive tackle last season, according to Pro Football Focus.
Great move to free up some space.