Still no word on where the final number for the 2021 NFL salary cap will be, but a step in a positive direction for those hoping for more space arrived on Thursday.
The NFL sent a memo out to teams which stated that the previously agreed upon salary cap floor with the players’ association will increase from $175 million to $180M.
Due to the ongoing coronavirus pandemic causing financial strain on the league last year, the two sides decided on the first cap floor which guaranteed that the 2021 salary cap would not go below that number. Now, an increase.
With COVID-19 keeping fans away from stadiums in 2020, that number all important number for both teams and players dropped. In 2020, the salary cap was set at $198.2M and has traditionally increased each year.
While the NFL has yet to announce where that exact number for the upcoming salary cap will land, we now know it will be at least $180M. Reports earlier this month suggested that some front offices in the league believed that it would fall somewhere between $180-185M and the final number might not be passed down until just before free agency. That begins on March 15 with the tampering period before free agency official begins on March 17.
Stay tuned to Touchdown Wire for all 2021 NFL free agency and salary cap updates.
