After 21 years of ownership, Arthur Blank has witnessed his fair share of firsts. Very few things in those two decades quite touch the firsts he experienced with the Falcons salary cap figures of the last three years.
Last year, the Falcons took over $86 million in dead money on the chin (yes, those are general manager Terry Fontenot's words). It was the largest dead money hit in league history.
This year, the Falcons are currently looking at having the second-most cap space in the NFL, close to $60 million, maybe more the closer the organization gets to the start of the league year in March. After taking that dead money on the chin in 2022, it allows the organization to be at a much healthier financial level in 2023.
Oh, and that near $60 million in cap space? That's a first for Blank.
"In my 21 years of ownership," Blank said, "that's 50 percent more than we've ever had before."
Catching up with AtlantaFalcons.com on Wednesday afternoon, the Falcons owner thought back to the early days of Fontenot and Arthur Smith's hiring process. At the time, Fontenot and Smith brought forth a plan to Blank, a way to get the organization out of salary cap purgatory. Two years later, they've done it.
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What Blank remembers most from those early conversations was the conviction Fontenot and Smith had in basing this plan in reality.
"I think one of the things that I was impressed with was that they saw the facts for what they were," Blank said, "and they wanted to make sure - from their standpoint - that they had an owner who understood that this wasn't going to be a one-year wonder, that they weren't going to flip this thing in one year."
Blank understood this from the outset of turning the page to the organization's next chapter. He doesn't point fingers or place blame on the previous regime's contract decisions, saying the organization was in a different place with a different set of circumstances when those deals were struck. Just because the plan didn't work out, Blank said, doesn't mean the decision at the time were not well thought out.
Still, it was Fontenot and Smith who were left in the wake of those decisions, but they had a plan, one that has taken time to execute, but one that was executed nonetheless.
"I feel they understood the reality of where the roster was, what they had to do to get it where we need it to be and that it was going to take a year or two to do it and I think that's exactly what it has taken them," Blank said. "I think they're on schedule. If anything, I'd say they are ahead of schedule."
Blank feels this way because of what he's seen on the field the last two years. No, the Falcons haven't broken over .500 yet. And no, they haven't won a divisional title. But for what this roster was for the last two years, being in games can be enough to show progress is being made.
For Fontenot, Smith and their staffs to "cobbled together" the rosters they did with the limited funds they had, Blank called that feat in and of itself remarkable.

Things are changing in Atlanta, though. There's a freedom in place that wasn't there before. Freedom from old, costly contracts. Freedom from salary cap constraints. Freedom from the binds of not being able to run the ball as an offense. Freedom from - let's be honest - age, too, as the Falcons have one of the youngest rosters in the league.
This freedom may not be all its cracked up to be, but for right now? It's a freedom that Blank is excited to live in for a little while.
"I'm more optimistic than I've been in many, many years," Blank said. "I don't think it's, 'Oh, you're just optimistic because you own the team.' Really, it doesn't have anything to do with that. It has to do with looking at the facts as they are and sizing up the roster the way it is and having the freedom that we've finally found ourselves in going into 2023 this year. I think it bodes well for us."
The fact of the matter is that the top performing players on this Falcons team in 2022 were players still on their rookie deals. The fact of the matter is that the Falcons have found value in free agency as well as the last two draft cycles even without the money to make a big splash. (Blank added that seeing the work of players like Tyler Allgeier, Drake London, Kyle Pitts - when healthy - and others has given him "great confidence" in Fontenot and Smith's abilities to make their selections on draft night as well as when free agency arrives).
More so, the fact of the matter is that the Falcons are beyond the dead money hit they took in 2022. They're in the position to bring in some top-level free agents if they so choose (and yes, Blank said, that includes signing their own guys). They have (at the moment) nine draft picks in 2023, including the No. 8 overall pick. They've establish a culture, an identity based in physicality if the hire of Ryan Nielsen as the Falcons next defensive coordinator didn't make that obvious.
"There's absolutely no confusion about the way Arthur Smith wants to play football," Blank added.
It's all of this combined that amounts to the owner feeling as optimistic as he does about where things are trending in Atlanta. It doesn't mean things are perfect. Far from it. It doesn't mean the work stops. On the contrary, it's just getting started.
What it means is that, finally, there's room to breathe. What the Falcons do with this space, this freedom, is still to be seen.
Blank said most people who are students of the game would say the Falcons organization is on the rise. There can be debates regarding what that means and what a successfully risen team accomplishes to back that up, and that will all come in time. Those debates will happen, and they should happen.
In the meantime, though, Blank remains consistent in feeling encouraged by where the Falcons organization finds itself in 2023.
"I have every reason to be more optimistic this year," Blank said. "I think our fans feel that way, too."
Join us as we take a look back at our favorite photos of our rookies from the 2022 Atlanta Falcons season.

Atlanta Falcons quarterback Desmond Ridder #4 and wide receiver Drake London #5 during 2022 Creative Day at CW Davis Middle School in Flowery Branch, GA, on June 13, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 and Atlanta Falcons inside linebacker Troy Andersen #44 walk out prior to the game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Kevin Liles/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 makes a long catch during the game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 against the Cincinnati Bengals at Paycor Stadium in Cincinnati, OH on Sunday October 23, 2022. (Photo by Mitch Martin/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 prepares to take a snap during the first quarter against the Baltimore Ravens at M&T Bank Stadium in Baltimore, Maryland on Saturday, December 24, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 makes a sack during the game against the Carolina Panthers at Bank of America Stadium in Charlotte, North Carolina on Thursday, November 10, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons edge DeAngelo Malone #51 and guard Justin Shaffer #75 pose during 2022 Creative Day at CW Davis Middle School in Flowery Branch, GA, on June 13, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons offensive lineman Justin Shaffer #75 poses during 2022 Creative Day at CW Davis Middle School in Flowery Branch, GA, on June 13, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons guard Justin Shaffer #75 during AT&T Atlanta Falcons Training Camp at Atlanta Falcons Headquarters in Flowery Branch, Georgia, on Wednesday, August 3, 2022. (Photo by Mitch Martin/Atlanta Falcons)

Atlanta Falcons defensive end Arnold Ebiketie #47 poses during 2022 Creative Day at CW Davis Middle School in Flowery Branch, GA, on June 13, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons tight end John FitzPatrick #87 walkout for warmups before the game against the New York Jets at MetLife Stadium in East Rutherford, New Jersey on Monday, August 22, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons guard Justin Shaffer #75 during AT&T Atlanta Falcons Training Camp at Atlanta Falcons Training Facility in Flowery Branch, Georgia, on Thursday, September 1, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons edge DeAngelo Malone #51 celebrates after a blocked punt during the first half against the Jacksonville Jaguars at Mercedes-Benz Stadium in Atlanta, Georgia on Saturday, August 27, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 celebrates after scoring a touchdown during the second half against the Jacksonville Jaguars at Mercedes-Benz Stadium in Atlanta, Georgia on Saturday, August 27, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons running back Caleb Huntley #42 celebrates with offensive lineman Justin Shaffer #75 after scoring a touchdown against the Jacksonville Jaguars at Mercedes-Benz Stadium in Atlanta, Georgia on Saturday, August 27, 2022. (Photo by Kyle Hess/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 runs after a catch against the Los Angeles Rams at SoFi Stadium in Inglewood, California on Sunday, September 18, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons defensive end Arnold Ebiketie #47 celebrates after a sack during the first half against the New Orleans Saints at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, September 11, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons inside linebacker Troy Andersen #44 reacts after a touchdown against the Los Angeles Rams at SoFi Stadium in Inglewood, California on Sunday, September 18, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 warms up prior to the game against the Los Angeles Rams at SoFi Stadium in Inglewood, California on Sunday, September 18, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons nose tackle Khyiris Tonga #79, defensive lineman Abdullah Anderson #98, and guard Justin Shaffer #75 during practice for the game against the Seattle Seahawks in Seattle, WA, on Wednesday, September 21, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons guard Justin Shaffer #75 during practice for the game against the Seattle Seahawks in Seattle, WA, on Wednesday, September 21, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons outside linebacker Arnold Ebiketie #47 lines up during the second half against the San Francisco 49ers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, October 16, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 scores a touchdown during the second half against the Seattle Seahawks at Lumen Field in Seattle, Washington on Sunday, September 25, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons inside linebacker Troy Andersen #44 rushes the quarterback during the second half against the Seattle Seahawks at Lumen Field in Seattle, Washington on Sunday, September 25, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 carries the ball during the game against the Cleveland Browns at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, October 2, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 reacts after a sack during the second half against the Cincinnati Bengals at Paycor Stadium in Cincinnati, Ohio on Sunday, October 23, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons cornerback Mike Ford #28 and inside linebacker Troy Andersen #44 make a tackle during the first half against the Tampa Bay Buccaneers at Raymond James Stadium in Tampa, Florida on Sunday, October 9, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons outside linebacker Arnold Ebiketie #47 against the Cleveland Browns at Mercedes-Benz Stadium in Atlanta, GA on October 2, 2022. (Photo by AJ Reynolds/Atlanta Falcons)

Atlanta Falcons outside linebacker Arnold Ebiketie #47 rushes the quarterback during the second half against the Tampa Bay Buccaneers at Raymond James Stadium in Tampa, Florida on Sunday, October 9, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons inside linebacker Troy Andersen #44 makes a tackle during the first half against the Cincinnati Bengals at Paycor Stadium in Cincinnati, Ohio on Sunday, October 23, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 sacks the quarterback during the second half against the Cincinnati Bengals at Paycor Stadium in Cincinnati, Ohio on Sunday, October 23, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons quarterback Marcus Mariota #1 hands off to running back Tyler Allgeier #25 during the second half against the Carolina Panthers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, October 30, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 scores a touchdown during the second half of the game against the Carolina Panthers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, October 30, 2022. (Photo by AJ Reynolds/Atlanta Falcons)

Atlanta Falcons outside linebacker Arnold Ebiketie #47 in action during the game against the Carolina Panthers at Mercedes-Benz Stadium in Atlanta, GA on Sunday, October 30, 2022. (Photo by Kyle Hess/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 rushes during the second half against the Los Angeles Chargers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, November 6, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 runs with the ball against the Carolina Panthers at Bank of America Stadium in Charlotte, North Carolina on Thursday, November 10, 2022. (Photo by Doug DeFelice/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 lines up during the third quarter against the Pittsburgh Steelers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, December 4, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 runs with the ball against the Carolina Panthers at Bank of America Stadium in Charlotte, North Carolina on Thursday, November 10, 2022. (Photo by Doug DeFelice/Atlanta Falcons)

Atlanta Falcons inside linebacker Troy Andersen #44 makes a tackle during the second half against the Washington Commanders at FedEx Field in North Englewood, Maryland on Sunday, November 27, 2022. (Photo by Mark Brown/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 celebrates after scoring a touchdown during the first quarter against the Chicago Bears at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, November 20, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons outside linebacker Arnold Ebiketie #47 gets a hold of Chicago Bears quarterback Justin Fields #1 during the second half of a game against the Chicago Bears at Mercedes-Benz Stadium Stadium in Atlanta, GA on Sunday, November 20, 2022. (Photo by Casey Sykes/Atlanta Falcons)

Atlanta Falcons outside linebacker Arnold Ebiketie #47 makes a tackle during the first half against the Chicago Bears at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, November 20, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 against the New Orleans Saints at Caesars Superdome in New Orleans, LA on Sunday, December 18, 2022. (Photo by Brandon Gallego/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 rushes against a double team during the second quarter against the Washington Commanders at FedEx Field in North Englewood, Maryland on Sunday, November 27, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 and Atlanta Falcons wide receiver Drake London #5 react after scoring a touchdown during the game against the New Orleans Saints at Caesars Superdome in New Orleans, Louisiana on Sunday, December 18, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 breaks up a pass during the second half against the Washington Commanders at FedEx Field in North Englewood, Maryland on Sunday, November 27, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 rushes during the first half against the Washington Commanders at FedEx Field in North Englewood, Maryland on Sunday, November 27, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 warms up before the game against the New Orleans Saints at Caesars Superdome in New Orleans, Louisiana on Sunday, December 18, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 and Atlanta Falcons outside linebacker Arnold Ebiketie #47 high five during warmups before the game against the New Orleans Saints at Caesars Superdome in New Orleans, Louisiana on Sunday, December 18, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 scores a touchdown during the game against the New Orleans Saints at Caesars Superdome in New Orleans, Louisiana on Sunday, December 18, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 warms up before the game against the New Orleans Saints at Caesars Superdome in New Orleans, Louisiana on Sunday, December 18, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 against the New Orleans Saints at Caesars Superdome in New Orleans, LA on Sunday, December 18, 2022. (Photo by Brandon Gallego/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 and Atlanta Falcons quarterback Desmond Ridder #4 react after scoring a touchdown during the game against the New Orleans Saints at Caesars Superdome in New Orleans, Louisiana on Sunday, December 18, 2022. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 and tight end John FitzPatrick #87 during practice in Flowery Branch, Georgia, on Wednesday, December 28, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 catches a pass during the fourth quarter against the Baltimore Ravens at M&T Bank Stadium in Baltimore, Maryland on Saturday, December 24, 2022. (Photo by Mitchell Martin/Atlanta Falcons)

Atlanta Falcons inside linebacker Troy Andersen #44 against the New Orleans Saints at Caesars Superdome in New Orleans, LA on Sunday, December 18, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 huddles the team prior to the game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 against the New Orleans Saints at Caesars Superdome in New Orleans, LA on Sunday, December 18, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons inside linebacker Troy Andersen #44 makes a tackle during the fourth quarter against the Baltimore Ravens at M&T Bank Stadium in Baltimore, Maryland on Saturday, December 24, 2022. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 is knocked out of bounds during the first half against the Arizona Cardinals at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 1, 2023. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons wide receiver Drake London #5 runs after a catch during the first quarter against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Jay Bendlin/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 hands off to running back Tyler Allgeier #25 during the first quarter against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 rushes during the third quarter against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 prepares to take a snap during the first half against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 rushes during the first half against the Arizona Cardinals at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 1, 2023. (Photo by Brandon Magnus/Atlanta Falcons)

Atlanta Falcons quarterback Desmond Ridder #4 scrambles with the ball during the game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, GA on Sunday, January 8, 2023. (Photo by Jay Bendlin/Atlanta Falcons)

Atlanta Falcons running back Tyler Allgeier #25 carries the ball during the game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons outside linebacker DeAngelo Malone #51 in action during the game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, GA on Sunday, January 8, 2023. (Photo by Kyle Hess/Atlanta Falcons)

Atlanta Falcons inside linebacker Troy Andersen #44 lines up for a play during the game against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Shanna Lockwood/Atlanta Falcons)

Atlanta Falcons tight end MyCole Pruitt #85 and quarterback Desmond Ridder #4 celebrate after a touchdown during the first quarter against the Tampa Bay Buccaneers at Mercedes-Benz Stadium in Atlanta, Georgia on Sunday, January 8, 2023. (Photo by Brandon Magnus/Atlanta Falcons)