NFL salary cap for the 2021 season rises to $180 millionBy nflonline • Feb 22nd, 2021 • Category: wholesale jerseys news
The NFL salary cap for the 2021 season has a new minimum.
In a memo sent to the teams, the NFL said that after negotiations with the NFL players’ Union, the lower limit of each team’s salary cap had been increased from $175 million to $180 million.
“As you know, one of the agreements reached with the NFL players’ Union last summer on the operation of the games during the epidemic period is that the salary cap for 2021 season will not be less than $175 million,” the memo said. After discussing the actual revenue of 2020 season and the expected number of spectators in 2021 season, we agreed to increase the minimum wage cap to US $180 million in 2021 League year. ”
“This is not the final salary cap for the 2021 League. The specific figure will be determined after reviewing the final revenue of the 2020 season and other audit and accounting adjustments. This agreement will only increase each team’s 2021 season minimum wage cap by $5 million, from $175 million to $180 million
With the impact of the epidemic, it is believed that the salary cap in 2021 will be significantly lower than the $198.2 million in 2020. After years of annual salary cap increases of tens of millions of dollars, the decline is expected to be very large. The new minimum can reduce some of the impact of the fall in the cap.
Until the official salary cap is fixed, the team does not know how much space they will have in this year’s free agent market. At the very least, the new minimum number gives the team a benchmark to start planning.