Matt Ryan has signed a six-year, $72-million contract with the Atlanta Falcons. Ryan, the No. 3 overall pick in last month's NFL draft, is guaranteed $34.75 million in the deal signed Tuesday.

Falcons spokesman Reggie Roberts confirms the signing and says the team has scheduled a news conference for Tuesday night.

Ryan's guaranteed money is $4.75 million more than received by Jake Long, the No. 1 overall pick who also is represented by agent Tom Condon.