An exclusive-rights free agent in the 2002 offseason, Feely was tendered a one-year, $300,000 contract by the Falcons on February 22. He signed the deal on June 7. That season, he converted 32 of 40 field goal attempts (80 percent) and all but one of 43 extra point attempts. His 32 field goals tied him with Tampa Bay Buccaneers kicker Martín Gramática for most in the NFL. It also broke Morten Andersen's previous franchise record of 31 set in 1995. Feely earned NFL Special Teams Player of the Week honors after converting three field goals of more than 40 yards against the Carolina Panthers on October 20, and eventually earned NFC Special Teams Player of the Month honors for converting 9 of 10 field goals and all nine points after touchdowns. In 2003, Feely converted 19 of 27 field goal attempts (70.4 percent) and 32 of 33 extra point attempts.