According to Field Yates and Drew Rosenhaus, Deion Jones and the Falcons have re-worked his contract to create about $4 million in cap space. Deion Jones’ full contract is now guaranteed for 2022.
Jones was due to make $8.2 million in base salary this year, but agreed to defer $4 million of that salary to the 2022 regular season in exchange for having his 2022 base salary fully guaranteed, giving him certainty about his future for two more seasons.
Jones now has a $4 million fully guaranteed roster bonus in March 2022 — paid out over the course of the 2022 regular season — on top of his fully guaranteed $9.64 million base salary for 2022. The deal also includes the equivalent to one extra week’s worth of salary as the NFL is on the precipice of announcing the expansion of its regular season to 17 games.
For the Falcons, the $4 million in cap savings for this year is pivotal during a year in which teams around the NFL have had to make difficult roster decisions with the salary cap dropping to $182.5 million from the fallout of the COVID-19 pandemic.
So what can the Falcons do with that $4 million? Frankly, I don’t think much. They may have their eye on a cheap defender, or perhaps a guard. Backup quarterback may even be in play. However, the Falcons need room to sign their free agent class, and as their selections currently stand — they’d need about $6.7 million in cap space (via Over the Cap). They still don’t have enough to do that, so perhaps they have a few more moves in mind. Regardless, it’s nice to see that Deion Jones will be locked in with the Falcons for the next two seasons.