Falcons, former BC star Ryan agree to $103.75 million extension
Matt Ryan joined the NFL’s $100 million club on Thursday, agreeing to a five-year contract extension worth $103.75 million.
The new deal tacked onto his final year of his rookie deal in 2013 keeps him under contract through the 2018 season. Ryan is scheduled to earn $10 million this season, the final year of his six-year, $72 million deal signed as the third overall pick in the 2008 draft.
Ryan, who received $4 million more in guaranteed money than Cowboys quarterback Tony Romo, is the latest franchise quarterback to clear the $100-million mark.
Ryan has started 77 games in his first five seasons with 18,957 yards, 127 touchdowns and 60 interceptions. He led the NFL with a 68.6 completion percentage in 2012, leading the Falcons to a 13-3 record with the sixth-ranked passing offense and No. 7 scoring offense in the NFL. Ryan set franchise records for attempts, completions, completion percentage, yards, and touchdowns last season.
His new annual average salary of $20.5 million puts Ryan second in the NFL behind only Green Bay Packers’ quarterback Aaron Rodgers, who averages $22 million per season.
Joe Flacco, Rodgers and Romo all signed deals that can be worth well above $110 million, following the market set in 2012 by Drew Brees. Brees’ contract contained guarantees of $60.5 million. Peyton Manning’s five-year, $97.5 million contract with the Denver Broncos signed in 2012 included $58 million guaranteed. Brees, Manning and Ryan are represented by agent Tom Condon.