Report: Falcons, Jones working to resolve contract dispute before holdout

The Atlanta Falcons and receiver Julio Jones are "working intensively" to resolve their current contract impasse, ESPN's Chris Mortensen reports.

Mortensen reported Tuesday that the star receiver won't report to Falcons training camp without an adjustment to his contract. He signed a five-year, $71-million extension in 2015, but his $14.2-million annual average now ranks ninth among receivers.

Both sides are hoping to find a resolution before camp opens Thursday, according to Mortensen. He reports the team and Jones' representation are "focused on creatively addressing" his $10.5-million base salary for 2018.

The Falcons are currently hard up against the cap, with just $5.2 million in cap space before roster cuts, according to Over The Cap.

Jones, a perennial Pro Bowler, finished second in the league in receiving last season with 1,444 yards, though his touchdown total dropped to three from six the previous campaign.