Falcons, quarterback Matt Ryan agree on new 5-year contract extension
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Pro Bowl quarterback Matt Ryan and the Atlanta Falcons have agreed to terms on a five-year contract extension.
Falcons spokesman Reggie Roberts said Thursday that the deal was being finalized as Ryan led the offense through practice Thursday on the first day of training camp.
A person familiar with the situation says Ryan's extension is for $103.75 million deal, with $59 million guaranteed. The person says Ryan will average $20.75 million during the first three years of the extension. The person spoke to The Associated Press on condition of anonymity because the terms of the deal had not been announced.
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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.