Thursday, July 23, 2026

Kirk Cousins’s Struggles Loom Over Falcons Future (and Salary Cap)

The Falcons signed Kirk Cousins to a four-year, $180 million contract this offseason, but he continues to struggle on the field. Moving on from him would be expensive.

Stephen R. Sylvanie-Imagn Images

The Falcons snapped a four-game losing streak Monday night, squeaking by a two-win Raiders team with a 15–9 victory. But Atlanta’s $180 million quarterback, Kirk Cousins, continued to struggle, setting up a pivotal closing stretch for the Falcons (7–7), who remain one game back of the Buccaneers in the NFC South—and creating some interesting offseason decisions for the franchise’s front office.

Cousins has passed for 3,508 yards this season, including 18 touchdowns and 16 interceptions. Back on Oct. 3 against the Bucs, Cousins passed for a league-high 509 yards and four touchdowns. But on Monday, he completed 11 of 17 for just 112 yards, one touchdown, and one interception against Las Vegas. 

“He’s got to play better,” first-year Atlanta head coach Raheem Morris said after the game. “I don’t think that’s a mystery,” added Cousins, who signed a four-year, $180 million contract with the Falcons in the spring that includes $100 million in guaranteed money. 

Escalating the drama is the presence of rookie quarterback Michael Penix Jr., who Atlanta selected with the eighth-overall pick in the 2024 NFL Draft, just more than a month after signing Cousins.

Update, Dec. 17, 9:28 p.m. Eastern: The Falcons announced Tuesday night that they were benching Cousins for the stretch run. In a statement, Morris called the move a “football decision” and said Penix would be the starter “moving forward.” Our original story continues below and has been updated.

Time to Pay Up?

If the Falcons decide to move on from Cousins as their starting quarterback in 2025, it will be expensive for a team that has just one playoff win since its Super Bowl LI collapse against the Patriots after the 2016 season.

Cutting Cousins would cost the most. After the 2024 season concludes, the quarterback will carry a dead cap hit of $65 million (all figures via Spotrac). A post–June 1 release designation would give Atlanta the ability to move $25 million of that salary cap penalty to the 2026 season. 

The NFL’s 2024 salary cap is a record $255.4 million, and it is expected to increase again next year.

Trading Cousins could be more palatable. However, Cousins has a no-trade clause, so he would have to agree to his new destination. If a new team was willing to take on the full $27.5 million base salary Cousins is owed in 2025, the Falcons would be on the hook for a dead cap hit of only $37.5 million (of which $25 million could be spread out to 2026 with a post–June 1 trade). But any willing trade partner may seek to have Atlanta pay a portion of the quarterback’s 2025 salary.

The $35 million salary for Cousins in 2026 and 2027 is not guaranteed. The QB will be an unrestricted free agent in 2028—and will turn 40 before the season.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

kyle rudolph

Former Viking Kyle Rudolph: Private Equity ‘Great’ for the NFL

Private equity makes “these assets a little more liquid.”
Feb 13, 2026; Inglewood, California, USA; NBC Peacock play-by-play announcer Noah Eagle during an NBA All Star Rising Stars game at Intuit Dome. Mandatory Credit: Kirby Lee-Imagn Images
Exclusive

Noah Eagle Expected to Call Netflix NFL Australia Game

The Sept. 10 matchup will feature the Rams and 49ers.
Inglewood, CA - May 5, 2026 - NFL Los Angeles Studio 1: The NFL Network Leaders in Conversation panel.

ESPN Layoffs Tied to NFL Network Acquisition: Full Tracker

Disney completed its acquisition of NFL Network earlier this year.
Feb 4, 2026; San Francisco, CA, USA; Tom Pelissero on the NFL Network set at the Super Bowl LX media center at the Moscone Center. Mandatory Credit: Kirby Lee-Imagn Images

ESPN Expected to Lay Off NFL Insider Tom Pelissero

Pelissero had been at NFL Network since 2017.
podcast thumbnail mobile
Front Office Sports Today

7/22/26 – World Cup Final Ratings, ESPN Layoffs, LeBron Waits, WFAN to SiriusXM

0:00

Featured Today

Tom's Watch Bar

Sports Bars Are Cashing In From Summer of Soccer

The World Cup has brought a windfall to America’s biggest sports bars.
Jun 16, 2026; East Rutherford, New Jersey, USA; France forward Michael Olise (11) controls the ball against Senegal during a Group I match of the 2026 FIFA World Cup at New York New Jersey Stadium
July 16, 2026

Where World Cup Stars Go to Customize Their Cleats

The world’s best players turn to a Scottish craftsman for perfect cleats.
July 10, 2026

What the World Cup Means to Erling Haaland’s Tiny Hometown

The tournament’s breakout star is from a rural Norwegian town.
July 10, 2026

Why So Many Media Outlets Are Rushing Into Sports

Sports coverage has ballooned in every corner of media.
Pillow Fight Championship
July 8, 2026

How Obscure Sports Get Mainstream TV Deals

For niche sports, getting on TV often matters more than getting paid.

WNBA Union Blasts Chicago Sky For Yet Another Facility Delay

The facility has been delayed multiple times since being announced in 2024.
July 16, 2026

Mark Cuban Gearing Up for Lawsuit Over New Mavs Arena

Cuban seeks to prove Patrick Dumont unlawfully cut him out of opportunities.
Mar 8, 2026; Milwaukee, Wisconsin, USA; Milwaukee Bucks forward Gary Trent Jr. (5) drives for the basket against Orlando Magic guard Jevon Carter (2) in the first quarter at Fiserv Forum.
July 16, 2026

NBA Investigating Gary Trent Jr.’s New Bucks Contract

Trent agreed to a four-year, $64 million deal on July 11.
Sponsored

Inside the EY 2026 Sports Engagement Index: The Real Map of American Sports Participation

EY’s latest index explores how shifting U.S. fan behaviors are expanding the definition of sports engagement.
Jerry Colangelo sits courtside as the GCU Lopes play the Oklahoma State Cowboys at Mortgage Matchup Center on Dec. 6, 2025, in Phoenix, Arizona.
First at FOS
July 15, 2026

Las Vegas Jacks Have Been in the Works for Over a Year

The group paid $2,200 in fees to apply for the two trademarks.
July 12, 2026

Seahawks Set NFL Record With $9.612B Sale to Khosla

Vinod Khosla’s wife will “serve as the controlling owner.”
Jun 20, 2026; Raleigh, North Carolina, USA; Carolina Hurricanes left wing William Carrier (28) and defenseman K'andre Miller (19) walk out with the Stanley Cup trophy during the Stanley Cup championship parade and rally at Raleigh.
July 10, 2026

Dundon Faces Backlash for Engraving Kids’ Names on Stanley Cup

All five names of the owner’s children are on the Stanley Cup.
Feb 8, 2026; Santa Clara, CA, USA; Seattle Seahawks wide receiver Cooper Kupp (10) catches a pass against New England Patriots cornerback Marcus Jones (25) in the first half in Super Bowl LX at Levi's Stadium.
July 9, 2026

Two Bidders Pull Ahead in Seahawks Sale Process

One of the two groups includes at least one former Seahawks player.