As a Vikings fan I can breathe a sigh of relief, Matt Ryan has overtaken Kirk Cousins as the highest paid quarterback.
BREAKING: We have agreed to terms with Matt Ryan on a 5-year extension. The best is yet to come.#FireInIce
— Atlanta Falcons (@AtlantaFalcons) May 3, 2018
The upper bounds for paying top quarterbacks keeps getting push further and further, but this isn’t necessarily a bad thing. For one it signals that you are serious about putting the organisation on the shoulders of the quarterback. If you have the room to pay a quarterback and not harm the pool of talent around him, then it makes sense to pay top dollar for a top QB. It also shows how one of the most basic economic theories underpins decision making in the NFL.
At the root of the discussion is supply and demand. The supply of capable quarterbacks is perceived as low, rightfully so, so a tier 1 quarterback is going to attract a premium. Matt Ryan isn’t the GOAT but let’s look at the stats:
- Last year Matt Ryan started every snap (1024)
- Fastest player to throw for 40,000 yards (151 games) over-taking Drew Brees by 1 game, this made him the 19th quarterback to reach this milestone
- He hold Falcon’s franchise records in almost every category for quarterbacks
- Started every game since he was drafted in 2008
- First Falcon to win league MVP, winning it in 2016
I could go on, literally, this is only the surface of Ryan’s stats. At the end of the day, this all comes down to the value that franchises place on quarterbacks. Franchises see the quarterback as crucial to their success and are willing to fork out the big dollars. People can argue against paying this much until they go blue but the room in the cap is there and the market has proven that the upper bound is now $25 million and higher.
This record will probably only stand until Rodgers is resigned. I don’t see Rodgers giving a discount to the Packers, and why should he.
Average QB Matt Ryan just signed a 5 year/150 Million dollar contract with 100 Million guarenteed…
Looks like Aaron Rodgers might be worth a Billion
— IKE Packers (@IKE_Packers) May 3, 2018
I won’t go that high but it’ll be big.