Pro Bowl quarterback Matt Ryan and the Falcons have agreed to terms on a five-year contract extension.
Falcons spokesman Reggie Roberts said Thursday that the deal was being finalized as Ryan led the offense through practice on the first day of training camp in Flowery Branch, Ga.
A person familiar with the situation said Ryan’s extension is for $103.75 million deal, with $59 million guaranteed. The person said Ryan will average $20.75 million during the first three years of the extension. The person spoke to the AP on condition of anonymity because the terms of the deal had not been announced.
‘‘I've always not worried about the business side of it,’’ Ryan said at a press conference Thursday evening. ‘‘I've always thought as a player if you’re worrying about those sorts of things, you’re taking away from what you’re here for. Full story for BostonGlobe.com subscribers.