In a surprising turn of events, the Atlanta Falcons are reportedly planning to release quarterback Kirk Cousins after a disappointing first season, despite signing a massive four-year, $180 million contract in March. Cousins' benching in favor of rookie Michael Penix Jr. has fueled speculation about his future with the team, and ESPN's Adam Schefter reports that league executives anticipate his release before a $10 million roster bonus comes due on March 17.

While releasing Cousins would save the Falcons $10 million, the team will still absorb a significant financial hit. With $100 million of Cousins' contract guaranteed, his release would result in a $65 million dead cap charge, according to Spotrac. This adds $25 million to his already substantial $40 million cap hit for the upcoming season, making him potentially the most expensive bridge quarterback in NFL history.

Complicating matters further is Cousins' no-trade clause, which he is reportedly unwilling to waive. Sources suggest that his frustration with the Falcons' decision to draft Penix Jr. – seen as his eventual replacement – has solidified his stance. This mirrors the situation Russell Wilson faced last offseason when he was released by the Denver Broncos while still receiving a substantial payout.

The Falcons' initial success with a 6-3 record early in the season has since crumbled into a 7-7 standing after a four-game losing streak, though they recently snapped that skid with a win against the Raiders. Cousins' performance has been a key factor in this decline. Despite throwing for 3,508 yards and 18 touchdowns, he leads the league with 16 interceptions and is tied for the most fumbles (12). His recent struggles include just one touchdown and nine interceptions in the last five games, leading to the decision to start Penix Jr.

If released, Cousins is expected to follow a similar path as Wilson, signing a veteran minimum contract with another team while still receiving payments from the Falcons. This unusual circumstance highlights the complexities of NFL contracts and the potential financial ramifications of early releases.