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NFL Reviewing Falcons’ Salary Cap Status

In 2009, the last capped season under the 2006 collective bargaining agreement, the Atlanta Falcons took a $6.9 hit against their salary cap after releasing imprisoned quarterback Michael Vick. With Vick signing a six-year, $100 million contract (actually five-years, $80 million) and the Falcons being Vick’s largest creditor, Mike Florio of reports that the Falcons could receive salary cap credits as the money owed is paid off.

“It is being reviewed,” NFL spokesman Greg Aiello told the Atlanta Journal-Constitution via email. “No determination has been made.” According to a league source, the Falcons’ adjusted cap number in 2011 is $123.375 million. Jeff Schultz of the AJC writes that the Falcons are owed $7.5 million, with Darren Rovell of CNBC reporting that Vick’s creditors will be paid on percentages of what Vick makes over the next four seasons.

That could lead to a few million in cap credits for the Falcons over the next four seasons, which could come in handy with cornerback Brent Grimes and middle linebacker Curtis Lofton set to become free agents in 2012.

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