The NFL salary cap could be getting a big bump for the 2023 league year.
After a sharp decline to $182.5 million in 2021 from $198 million in 2020 due to the COVID-19 pandemic, things are back on the rise for the NFL. In 2022, the salary cap was set at $208.2 million and it’ll be going up again this season. NFL Network’s Ian Rapoport and Tom Pelissero have now reported that the salary cap could exceed $220 million in 2023.
“One source familiar with the process predicted the normal calculation of projected revenues would pin the 2023 cap number at ‘well above 220 (million).’ But the NFL has not yet made its cap projection, sources say, and both the league and union have decisions to make that will impact the final math.”
There are still some hurdles for the NFL owners and the NFLPA to clear specifically related to the new TV deals which are coming in 2023. They’ll hash those out during the upcoming special league meeting in Irving, TX from December 13-14. No matter what comes from that meeting, so long as the 2023 salary cap clears the $220 million mark, the Kansas City Chiefs should be in good shape.
The Chiefs will be in the top half of the league in total cap space next season, with some dead money coming off of the books. According to Over The Cap, they currently have the twelfth-most salary cap space at $28.3 million based on a $225 million salary cap. Keep in mind, that projection is before any roster cuts, trades, simple conversions and other cost-saving moves are made.
