Atlanta Falcons: Cutting Costs Early, Yet Money Is Anything but Short

The Atlanta Falcons chose to cut strong safety Erik Coleman yesterday afternoon.

Coleman, 28, was a fifth-round draft pick in 2004 by the New York Jets, and has been with the Falcons for three seasons now.  

The 28-year-old safety recently signed with well-known—and well-criticized—agent Drew Rosenhaus, which most likely factored into Atlanta's decision. Coleman was supposedly seeking a new contract worth $3 million. Yet, with young talent in safeties Thomas Decoud and William Moore, the organization decided money could be spent wisely in other areas of need.  

With the Falcons, though, money is anything but tight.  

If you look at the list of the NFL's highest payrolls, you will find the Falcons nowhere near the top. Atlanta was ranked 25th in player salaries in the NFL for 2010, with a payroll estimated at $97 million. However, the league salary cap sits at $130 million.  

Why are the Falcons cutting costs?  

Look at the teams in the Super Bowl.  Pittsburgh's player salaries reached $115 million, while Green Bay was reported to be right around $130 million. If the Falcons want to hold their own with the NFL elite, they must look to dish out some money this offseason.

Even with the impending potential of a lockout, the Falcons must look to bring in top talent.  

Big names are already being thrown around this offseason. Nnamdi Asomugha is a free agent for sure. The Falcons spent a lot of money on Dunta Robinson a year ago, so they may not be looking to give up that much for another DB. However, it is clear the secondary (along with a lot of the defense) needs some new additions.  

As for offense, a lot of improvements were seen this year. Matt Ryan is clearly becoming comfortable in his role in Atlanta, but he can't continue to flourish with this receiving core.

Michael Jenkins has made big plays in the past, but everyone is becoming increasingly aware he is not a No. 2 wide receiver.  

Vincent Jackson most likely will depart from San Diego. This could be a big opportunity for the Falcons.  

Whatever they decide, a wide receiver must be a top priority.

Overall, there is much to be pleased with from the past season for the Falcons. With one of their best seasons in a dismal franchise history, the city is energized and hungry for more.