The coronavirus pandemic not only affected the daily lives of people around the world, but it also impacted the sports community in 2020. As a result, the NFL’s salary cap floor was set at $175 million for 2021, which would be a decrease of $23.2 million from 2020.
However, with Super Bowl LV coming up today, fans received an update on what the NFL’s cap situation could look like in March. Per ESPN’s Adam Schefter, it’s expected to be in the $180-$181 million range, which is five to six million more than the floor set some time ago. Still, when considering the salary cap figure was $198.2 million in 2020, the decrease could cause the free agent market to be deeper, which is a plus for the Jags who went 1-15 last season.
Though the NFL’s salary cap is not expected to be officially set until next month, league sources believe it will be roughly $180-$181 million. Throughout the past season, many expected it to be around $175 million, but it now is projected to come in slightly higher, per sources.
— Adam Schefter (@AdamSchefter) February 7, 2021
Regardless of where the salary cap amount is set at, the Jacksonville Jaguars are expected to be in good shape as they have been long projected to lead the NFL in cap space. Per Over the Cap, the Jags are projected to be under the cap by an approximate figure of $77.5 million, putting them well ahead of the rest of the league. Meanwhile, the Indianapolis Colts came in with the second most available cap space with a $69.1 million figure.
The Jags are putting a coaching staff together at the moment, but it seems that process is almost complete. Once they wrap that up under new coach Urban Meyer, he will have to turn his attention to adding talent to the team in free agency as they have a lot of holes to plug.
