The quarterback was locked up prior to last season with a five-year, $103.75 million contract extension that included $59 million guaranteed. It kept 2013 from being the final year of his original six-year, $72 million rookie contract ($34.74 million guaranteed).
In others words, it won't be a concern for the Falcons once the first day for designating the franchise tag on a player comes Monday. The last time the Falcons used the franchise tag was on cornerback Brett Grimes in 2012 -- at a one-year price of $10.28 million -- as the two sides were unable to reach a long-term deal. Grimes, who suffered a season-ending Achilles' injury that year, now faces the possibility of being tagged again as the member of the Miami Dolphins.
As for the Falcons, they have no reason to designate a franchise player this year among a group of impending unrestricted free agents that includes defensive tackles Jonathan Babineaux, Peria Jerry and Corey Peters. Some of the others bound for free agency include center Joe Hawley, tight end Chase Coffman and offensive tackle Mike Johnson. Free agency officially begins at 4 p.m. on March 11, although teams are allowed to negotiating with agents of players on other teams on March 9.
Maybe the franchise tag comes into play for the Falcons again if for some reason they can't get top receiver Julio Jones signed to a long-term deal before the 2015 season.
The deadline for designating franchise or transition players is 4 p.m. March 3. Eight players were slapped with the franchise tag last season.
Once a team designates a franchise player, it has until July 15 to work out a long-term extension with that player.
And once again, that shouldn't apply to the Falcons this year.