The Atlanta Falcons were forced to sit on the sidelines in recent years when free agency began due to the team’s lack of salary cap space. That changed in 2023 when the team opened the league year with the second-most cap space in the NFL.
As you would expect, the Falcons went on a long-overdue spending spree to kick off free agency, committing over $200 million to player contracts over this past week alone. So how much money is left after Atlanta’s initial wave of signings?
According to Over The Cap‘s latest projections, the Falcons currently have just over $24 million in cap space available. We should also take into account the amount needed to sign draft picks, which would drop the team’s funds down to an estimated $19 million.
Despite Atlanta’s busy start to free agency, the team still holds on to the fourth-most overall cap space, and third-most effective cap — which takes into account draft signings.
When broken down, the Falcons are spending $106.1 million spent on offense, $89.8 million spent on defense and $8.1 million spent on special teams. Additionally, Atlanta is paying $16.5 million in dead money to former players.