DECEMBER 19: To little surprise, Kendall’s colleague Jeff Howe writes a Cousins trade should not be expected this offseason. If a parting of ways is to take place, a release represents the logical path from Atlanta’s perspective. With plenty of uncertainty on the sidelines and in the front office, though, Cousins’ future remains unclear.
DECEMBER 18: With the goal of establishing a long-term plan at quarterback, the Falcons made multiple aggressive moves to bolster the position after the 2023 season. Their first bold strike came when they signed veteran Kirk Cousins to a four-year, $180MM pact with $100MM in guarantees in March 2024.
With Cousins in the fold on a mega-deal, there was no expectation the Falcons would immediately use a high pick on a passer in that spring’s draft. They stunningly did just that in selecting former Indiana Hoosier and Washington Husky Michael Penix Jr. eighth overall.
Despite Penix’s presence, Cousins entered 2024 as the Falcons’ unquestioned QB1. Although he signed with Atlanta after prolific runs in Washington and Minnesota, Cousins’ Vikings tenure ended with a torn Achilles in Week 8 of 2023. Over two years since suffering that injury, he hasn’t regained his old form.
Cousins bounced back from his Achilles tear to start the Falcons’ first 14 games last season. He posted mediocre-at-best numbers and led the team to a middling 7-7 record, though, and head coach Raheem Morris benched Cousins for Penix ahead of Week 16. Although the Falcons lost two of three under Penix and missed the playoffs for the seventh straight year, he showed enough to remain the starter heading into 2025.
With Penix taking over, Cousins was interested in a change of scenery in the offseason. Nothing came together on that front, leaving Cousins as a ridiculously expensive backup.
As was the case with Cousins in 2024, Penix didn’t look like the answer this year. His season ended with a partially torn ACL in a Week 11 loss to the Panthers. The Falcons, 3-7 at that point, turned back to Cousins to close out a dud of a campaign. The 37-year-old has put together a couple of strong performances and a pair of clunkers in his return to a starting role. Cousins turned back the clock in a Week 15 win over the Buccaneers, completing 30 of 44 passes for 373 yards and three touchdowns.
Now 5-9, the Falcons are guaranteed to miss the playoffs again. Owner Arthur Blank will spend the next three weeks evaluating Morris and general manager Terry Fontenot. They aren’t locks to return next year. Neither is Cousins, whose contract remains an albatross.
There are still two years left on Cousins’ deal, but the four-time Pro Bowler has the mentality of a soon-to-be free agent. Cousins said Wednesday that he feels as if he’s on an “expiring contract,” per Josh Kendall of The Athletic.
With an untenable $57.5MM cap hit in each of the next two seasons, it’s logical for Cousins to approach it that way. Designating Cousins as a post-June 1 release would enable the Falcons to spread out $35MM in dead cap over the next two seasons, Kendall notes. While an offseason split seems likely, Morris isn’t closing the door yet.
“Everything is on the table,” Morris said in regards to Cousins’ future. He later added: “We planned on the amount of years we put in his contract and hopefully potentially more. We will all sit down at the end of the season and have those discussions and talk about those things.”
Considering Penix may not be ready at the start of 2026, ditching Cousins would add to the Falcons’ questions under center. Morris said he still views Penix as the “quarterback of the future,” but his so-so performance in the pros and long-running history of serious injuries dating back to college don’t inspire confidence.
Whether it’s Cousins or someone else, the Falcons will have to line up a capable insurance policy at the position for next year. With Morris and Fontenot potentially on the outs, it’s possible a new regime will decide Cousins’ fate.