The Atlanta Falcons' quarterback situation in 2025 is a fascinating case of financial strategy and future planning. Kirk Cousins is set to earn a fully guaranteed $27.5 million as the backup to Michael Penix Jr., who has been designated as the starter. Despite Cousins' feelings of being misled, the Falcons are committed to Penix, whose cap number is a modest $5.2 million.

From a fantasy perspective, Michael Penix Jr. offers intriguing upside as a late-round pick or a waiver wire target. His arm talent and leadership are highly regarded, and with the Falcons' offensive scheme likely to emphasize his strengths, Penix could be a sleeper candidate for those seeking quarterback depth.

For Kirk Cousins, his role as a backup limits his fantasy value in 2025. However, his presence as a mentor to Penix could enhance the rookie's development, indirectly boosting Penix's fantasy potential. Cousins' significant cap hit makes him a less likely trade candidate, keeping him in Atlanta barring unforeseen circumstances.

The Falcons' decision to keep Cousins despite his hefty salary reflects a strategic choice to prioritize stability and mentorship over immediate cap relief. This dynamic could influence their overall offensive performance, making Penix a potentially valuable asset in dynasty leagues, especially given his projected starting role and the team's confidence in his abilities.