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Report: Salary cap is $123 million

Beeks

The crop report has been finalized. With or without Clarence Beeks being violated by a gorilla.

And the number, according to Ian Rapoport and Albert Breer of NFL Network, is $123 million.

That’s an increase of $2.6 million from last year’s team-by-team spending limit of $120.6 million, but it’s a jump of only 1.9 percent.

Also, it’s the unadjusted number. Every team’s specific number will go up or down based on carryover or credit or, in the case of the Cowboys and Redskins, cap penalties imposed for taking the uncapped year of 2010 too literally.

UPDATE 6:55 p.m. ET: Chris Mortensen of ESPN puts the number at $123.9 million. Which we like, since it meshes with our recent report that the number is expected to be more than $123 million. It translates to a 2.7-percent increase over last year.