Falaschi was selected by the Washington Redskins in the second round (16th overall pick) of the 1937 NFL draft. Instead, he served as an assistant coach at Santa Clara and after the college football season ended, as a quarterback and fullback for the Salinas Ice Packers during the 1937 football season.[3] The 1937 Salinas team included other star players including Larry Lutz, Larry Siemering, and Dick Bassi.[6]
In January 1938, Falaschi signed a contract to play for the New York Giants.[7] He played for the Giants from 1938 to 1941. He appeared in 42 games for the Giants, 33 as a starter, and helped lead the 1938 Giants to the NFL championship and the 1939 and 1941 teams to Eastern Division crowns. He was named to Pro Bowl team in 1938, 1939, and 1941.[3][8] He was a 60-minute player who played at the back position on both offense and defense for the Giants and was known for his quarterback sacks.[9]
Falaschi entered the U.S. Navy in 1942 and played for the St. Mary's Pre-Flight football team before deploying overseas.[10]
After football
After his football career ended, Falaschi became a general contractor in Oakland, California.[4] He was inducted into the College Football Hall of Fame in 1971.[1] He was the first player inducted from a Catholic university west of Notre Dame.[11]