Atlanta Falcons quarterback Matt Ryan agreed to a five-year extension, the team announced Thursday afternoon. ESPN's Chris Mortensen reported the deal worth more than $100 million. Ian Rapoport reports that the contract is a five-year deal worth $103.75 million with $59 million guaranteed.
Peyton Manning's contract has a $58 million guarantee, and Drew Brees' $60.5 million guarantee is the largest in the NFL. That would make Ryan's guaranteed money the second-largest in the league.
Ryan was scheduled to make $12 million this season, the last year of his rookie contract that was for six years and guaranteed him $34.75 million. The Falcons have been more than satisfied with Ryan's production over his five years in the NFL. He is a two-time Pro Bowler with a career record of 56-22, missing only two games back in 2009.
The Falcons have never had a losing season since drafting Ryan third overall in 2008. His 68.6 completion percentage last season led the NFL, and he had career-highs in yards (4,719) and touchdowns (32) while leading the Falcons to an NFC-best 13-3 record.
Earlier this year, Aaron Rodgers received a new $130.75 million deal from the Packers, Tony Romo got $119.5 million from the Cowboys, Matthew Stafford got $76.5 million from the Lions, and Tom Brady received a five-year, $57 million contract from the Patriots. Free agent Joe Flacco signed a new $120.6 million deal with the Ravens.
If reports of the Ryan deal being worth over $100 million are accurate, he would be the seventh active QB in the NFL to be on a contract worth over $100 million.