Matt Ryan and the Falcons have agreed to a five-year extension, the team announced Thursday.
Chris Mortensen of ESPN.com reports the deal has $100 million guaranteed and it will make Ryan the first quarterback to have a deal worth $30 million per season.
Ryan was entering the final year of his contract going into 2018 and was scheduled to make $19.25 million for the year.
The 2016 MVP has played his entire career in Atlanta after being drafted by the Falcons with the No. 3 pick in 2008. He's started every game of his career besides two he missed during his second season.
Last year Ryan had 4,095 passing yards, 20 touchdowns and 12 interceptions while completing 64.7 percent of his passes for the 10-6 Falcons. For his career, Ryan is completing 64.9 percent of his passes for 41,796 yards and 260 touchdowns. He is seventh among active quarterbacks in career passing yards and eighth in touchdowns.