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Falcons reward Ryan with lucrative extension

Flowery Branch, GA (Sports Network) - The Atlanta Falcons and franchise quarterback Matt Ryan are going to be together for the foreseeable future.

The two sides agreed to a five-year extension on Thursday, and according to NFL.com, it is worth a total of $103.75 million, with Ryan receiving $59 million guaranteed and scheduled to make $63 million over the first three years of the deal.

The 28-year-old was entering the final year of the rookie contract he signed back in 2008, when the Falcons selected the Boston College product with the third overall pick in the NFL Draft.

Ryan is coming off his best statistical season, notching career bests in touchdowns (32), passing yards (4,719) and completion percentage (68.6) in 2012 while leading the Falcons to an NFC-best 13-3 record and an appearance in the conference championship game.

During Ryan's five-year career, the Falcons have reached the postseason four times -- including an appearance in each of the last three -- and have accumulated a 56-22 regular-season record with him behind center.

A two-time Pro Bowl selection, Ryan has missed only two games and has thrown 127 touchdowns against 60 interceptions, while accumulating 18,957 passing yards.

07/25 16:50:58 ET