ATLANTA - Matt Ryan has signed a 6-year, $72-million contract with the Atlanta Falcons.

Ryan, the Penn Charter product who was 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.

Ryan worked behind quarterbacks Chris Redman and Joey Harrington at his first minicamp with the team this month, but it wouldn't be a surprise if the former Boston College star earns the starting job in 2008.