Faloney was drafted in the first round of the 1954 National Football League draft by the San Francisco 49ers. San Francisco offered Faloney $9000 to play defensive back and back-up quarterback. However Pop Ivy, coach of the University of Maryland's Orange Bowl opponent, Oklahoma, was moving to the Edmonton Eskimos of the Canadian Football League and offered Faloney a $12,500 contract to accompany him. At the time the Canadian dollar was worth 10 per cent more than its American counterpart so the choice to head north was easy, Faloney later recalled.