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Stephen Nicholas, Falcons Reportedly Reach Five-Year Contract Agreement

The first piece of Atlanta Falcons free agency news, besides all those reported undrafted free agent signings from Monday and Tuesday: Adam Schefter says the Falcons and LB Stephen Nicholas have come to terms on a five-year contract. The deal, if one is in place, can't be signed until Friday evening.

Update: Zach Klein adds a price tag: $17.5 million over five years. Not bad at all.

Nicholas was supposed to sign with the New York Giants, last we'd heard, so it's something of a surprise to see him reported as the team's first free agent back on the boat.

A Nicholas signing would raise questions about Mike Peterson's future with the team. The Falcons drafted Akeem Dent, shoring up linebacker depth, and will get a healthy Sean Weatherspoon back. Spoon and Curtis Lofton will hold down two starting spots, while a re-signed Nicholas would likely take the other, because who signs backups to five-year deals?

 

Name Pos. Age Status Word on the street

 

Brent Grimes CB 28 RFA

 

Brian Finneran WR 35 UFA Won't re-sign

 

Brian Williams CB 32 UFA Won't re-sign

 

Eric Weems KR 26 RFA

 

Harvey Dahl RG 30 UFA

 

Jason Snelling RB 27 UFA Rams target

 

Jerious Norwood HB 27 UFA

 

Justin Blalock LG 27 UFA

 

Matt Bryant K 36 UFA

 

Michael Koenen P 29 UFA

 

Mike Peterson OLB 35 UFA

 

Stephen Nicholas OLB 28 UFA Falcons: 5-Yr, $17.5M

 

Thomas Johnson DT 30 UFA

 

Tyson Clabo RT 29 UFA Bills target

 

Approx. cap room, pending reported deals: $13-16M

For more on the Falcons, check out The Falcoholic. For more NFL football, head to SB Nation NFL.

Photographs by coka_koehler used in background montage under Creative Commons. Thank you.