Taylor Heinicke is taking a pay cut to remain with the Atlanta Falcons.

The quarterback took a pay cut recently from an expected $5 million base salary in 2024 to $1.21 million. His $1.32 million roster bonus, which was due just after the league year began last month, was instead classified as a signing bonus.

The reduction in the deal lowers Heinicke's cap number from $8.96 million to $4.53 million -- including a cash value of $2.53 million. If the Falcons were to release him at this point, he would cost $3.32 million in dead money with only a cap savings of $1.21 million.