Allen agreed to a simple contract restructuring last year to give the Falcons additional breathing room last year. This time around, the Falcons chose to wipe his entire deal off of the books. Previously, the safety was set to play out the final year of his three-year, $19.5MM deal. Instead, the Falcons will save a pretty penny with just $2.125MM in dead money left on the books.
Allen, a 2014 fifth-round pick, cracked the starting lineup in his second pro season. After 77 games (76 starts), he’ll seek new employment elsewhere. In 12 games last year, the 29-year-old registered 25 stops and a pair of interceptions.
Bailey inked a one-year, $4.5MM extension in the 2020 offseason. After spending his first eight seasons with the Chiefs, he found a regular role with the Falcons in 2019, appearing in 15 games and making five starts. Last year, he had perfect attendance with four starts, but the Falcons are looking to go younger and cheaper on the edge. In total, Bailey has 133 regular season games and 22 sacks to his credit.
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