Matt Ryan contract underscores how reasonable Ryan Tannehill’s deal is

Ryan Tannehill is a great value this year because of his low salary cap number.(Allen Eyestone/The Post)

The Dolphins are one of the lowest-spending teams in the NFL when it comes to quarterbacks this season, and one reason they’re able to do that is a Ryan Tannehill contract that looks increasingly reasonable with every new deal that’s signed.

The team gave him a $96 million extension in the 2015 offseason that runs through the end of 2020, then restructured this offseason to create some badly needed cap space. The remainder of Tannehill’s contract will pay him about $60.3 million over three years.

The average salary of his original deal — the total money coming his way has stayed the same — at remains $19.3 million, which ranks 18th in the league each of the next two seasons and 10th in 2020. In the 2015 and ’16 seasons, he ranked 21st and 12th in passer rating, respectively, so the money lands right around what his production has been.

There’s a huge gap between that average pay, which was seen as enormous at the time, and what the top quarterbacks are getting now. San Francisco’s Jimmy Garoppolo, who has seven career starts, got a five-year, $137.5 million contract this season; Kirk Cousins managed a 93.9 passer rating last year and signed for three years, $84 million (fully guaranteed) with Minnesota; Soon-to-be-33-year-old Matt Ryan just cashed in on a five-year, $150 million extension in Atlanta.

Because of the restructure, Tannehill’s remaining $60.3 million is allocated in salary cap hits of $8.7 million this year, $26.6 million in 2019 and $25.1 million in 2020.

The $8.7 million he counts for this year is the 24th-biggest cap hit among NFL quarterbacks this season. His hit jumps to fifth next year and seventh the year after, though that will likely drop in the rankings once new deals are awarded to guys like Aaron Rodgers and Russell Wilson.

In total, the Dolphins are allocating $10.1 million in 2018 cap space to quarterbacks. Beyond Tannehill’s number, David Fales and Brock Osweiler each count for $720,000, and newly signed Bryce Petty has a $705,000 hit.

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