Cap consequences make Matt Ryan, Julio Jones trades nearly impossible

Mike Florio
·1 min read

Regardless of whether teams are or aren’t wondering about the availability of Falcons quarterback Matt Ryan and/or receiver Julio Jones in trade, there should be no wondering about this: The cap consequences for trading either guy would be very significant.

Let’s start with Ryan. Trading him would result in an immediate cap acceleration of $44.4 million.

The Falcons currently have less than $2 million in cap space.

For Jones, the cap hit would be much more manageable, relative to Ryan. Still, the Falcons would have to absorb $23.25 million by trading Jones now.

Dumping the balance of their salaries would help, but not by much. They’d clear $7.24 million in unpaid salary for Jones, dropping the net cap hit to $16.01 million. For Ryan, a 2020 restructuring that reduced his salary to the veteran minimum of $1.05 million means they’d save only $679,000 by trading him now.

Throw in the fact that the salary cap possibly will be as low as $175 million next year, the Falcons would have a very hard time clearing that kind of cap space. Given that Ryan’s cap number for 2021 will be $40.9 million and Jones’ will be $23.05 million, moving one or both after the season is far more plausible.

For now, though, it would be nearly impossible to move either one of them.

Cap consequences make Matt Ryan, Julio Jones trades nearly impossible originally appeared on Pro Football Talk