Financial terms of the agreement with the quarterback weren’t disclosed in a statement from the team yesterday. The deal is worth as much as $103.8 million and will pay Ryan $63 million in the first three years, ESPN reported, citing people it didn’t identify.
The 28-year-old Ryan, who had one year remaining on his rookie contract, guided the Falcons to last season’s National Football Conference championship game in which the team lost to the San Francisco 49ers after leading 17-0 at halftime.
He set single-season franchise passing records with 4,719 yards, 422 completions and 32 touchdown passes. He led the NFL with a 68.6 completion percentage as the Falcons finished with a 13-3 record and their second NFC South division title.
The Falcons, who never had back-to-back winning seasons prior to drafting Ryan third overall out of Boston College in 2008, have posted five consecutive winning seasons. Atlanta is planning to move into a new $1 billion stadium for the 2017 season.
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