The Atlanta Falcons are looking to secure a long-term deal for wide receiver Drake London, currently set to play under a fifth-year option costing nearly $17 million. An extension could save the team up to $12.5 million in cap space, with potential terms similar to Garrett Wilson's recent four-year, $130 million contract.
Now that the 2026 NFL Draft is over, the next order of business for the Atlanta Falcons front office will be locking up some of their top assets with long-term deals.
At the top of the list is star wide receiver Drake London, who's currently scheduled to play out the 2026 season under his fifth-year option, which will cost the team just under $17 million.
The Falcons can cut into that number and create some cap space by signing London to a new contract, though. According to Over the Cap, Atlanta can save up to $12.5 million by extending him.
So, how much will a London extension cost the Falcons? According to Josh Kendall at The Athletic, London's deal will likely echo that of New York Jets receiver Garrett Wilson, which came in at four years and $130 million. The devil is of course in the details, though - especially guaranteed money.
"Wilson signed a four-year, $130 million deal last summer. If I were to guess at Londonâs new deal, Iâd guess four years for $135 million, but the real number to watch will be the fully guaranteed money. Wilsonâs total of $38.3 million fully guaranteed ranks just 15th among wide receivers in the league, according to Overthecap.com."
So far London has lived up to expectations since Atlanta picked him in the first round of the 2022 NFL Draft. In 62 career games he's totaled 309 catches, 3,961 yards and 22 touchdowns. He missed five games with a PCL strain last season but has had no major injuries so far. London still managed to post 919 yards and seven touchdowns.
Drake London's new contract is expected to be similar to Garrett Wilson's, potentially around four years and $130 million.
The Falcons can save up to $12.5 million in cap space by extending Drake London instead of keeping him on his fifth-year option.
Drake London's fifth-year option is set to cost the Falcons just under $17 million for the 2026 season.

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London is the best receiver the Falcons have had on their roster since Julio Jones' prime, and it's a no-brainer to give him a lucrative long-term deal with the intention of him leading their receiving game for the foreseeable future.
This article originally appeared on Falcons Wire: Atlanta Falcons: Drake London estimated contract terms