In a move that provides immediate salary cap relief and sets a clear timeline for the future, the Atlanta Falcons and veteran quarterback Kirk Cousins have agreed to modify the final two years of his contract, according to ESPN’s Field Yates.
The restructuring significantly reduces Cousins’ 2026 base salary from $35 million (non-guaranteed) to just $2.1 million, shifting the $32.9 million difference to increase his 2027 compensation.
Key Decision Looms by March 13 for Cousins, Falcons
This adjustment also adds a $67.9 million vesting guarantee for the 2027 season that activates on March 13—the third day of the 2026 NFL league year.
As a result, the Falcons must decide on Cousins’ future with the team well before that date, as it’s highly unlikely any organization (including Atlanta) would absorb such a massive guarantee.
This agreement offers upside for both parties. For the Falcons, the immediate drop in Cousins’ cap hit creates much-needed flexibility as the team navigates a major organizational overhaul following the recent departures of head coach Raheem Morris and general manager Terry Fontenot.
Atlanta now has more room to maneuver in free agency and the draft while searching for new leadership to guide the franchise forward.
For Cousins, the 37-year-old signal-caller, the modification clarifies his status: he is poised to become a free agent by March 13 at the latest.
This timeline gives him and the broader NFL market certainty, allowing potential suitors to plan accordingly without the overhang of an enormous 2027 commitment.
Importantly, the restructure does not impact any previously guaranteed money owed to Cousins, and it doesn’t preclude a return to Atlanta.
The veteran, who expressed after the Falcons’ season-ending win over the New Orleans Saints that he would “love” to stay in Atlanta, could still negotiate a new deal with the incoming regime if both sides align on vision and role.
High Hopes When Cousins Arrived in Atlanta
Cousins joined the Falcons ahead of the 2024 season on a four-year, $180 million contract, bringing veteran stability to the quarterback room. After a full season as starter in 2024, he transitioned to a backup role in 2025 behind first-round pick Michael Penix Jr.
An injury to Penix opened the door for Cousins to start the final seven games, where he went 5-3 while throwing 10 touchdowns against five interceptions in 10 total appearances (eight starts).
With Penix expected to reclaim the starting job in 2026 (barring setbacks in his recovery from a season-ending knee injury), the Falcons appear positioned to move forward with the younger quarterback long-term.
A post-June 1 release designation remains a likely outcome if no extension materializes, allowing Atlanta to spread any remaining dead cap money across 2026 and 2027 while maximizing near-term flexibility.
As the Falcons embark on their search for a new general manager and head coach, this contract tweak provides a clean slate at the game’s most important position.
Whether Cousins finishes his career in Atlanta or begins a new chapter elsewhere, today’s agreement represents a pragmatic step forward for all involved.
Final Word
Stay tuned to AtlantaFi.com for the latest updates on the Falcons’ offseason moves, coaching search, and what comes next for the quarterback position. #RiseUp
