Salary cap “almost definitely” will be $182.5 million

Getty Images

From the moment the minimum salary cap for 2021 increased from $175 million to $180 million, we’d heard that the final number will be in the range of $182 million to $183 million. Although the final number still hasn’t been set, it likely will land right in the middle of that range.

As one source with knowledge of the situation tells PFT, the cap “almost definitely” will be $182.5 million.

That would represent a drop of $15.7 million from last year’s cap of $198.2 million. The reduction arises directly from the financial losses incurred during the pandemic.

As noted on Tuesday, the players received full pay in 2020, undiminished by the pandemic and unlimited by the escrow obligations that other sports leagues utilized. The league and the NFL Players Association agreed to spread the money lost due to the pandemic, which saw total attendance plunge from more than 17 million to roughly one million, over three years.

Full (or at least significantly increased) attendance in 2021 will help bump up the 2022 cap, as will the new TV deals, which are expected to be announced sooner than later.

The new cap takes effect on Wednesday, March 17, at 4:00 p.m. ET.

12 responses to “Salary cap “almost definitely” will be $182.5 million

  1. Seems like they are intentionally not fully announcing the terms of the TV deals until after March 17th when the cap will be set in stone. If the huge money TV deals full details were announced first it would give reason to raise the cap. Dirty little secret is that they want the cap lower this year. Plenty of money will be made from the TV deals and other things to offset the lost revenue from this past season. No one in the NFL will be hurting for money anytime soon, trust me on that.

    We pay for those huge TV deals, our cable bills will rise to even crazier levels once again. They wouldn’t dare think to give us the customer any relief during this time.

  2. “As noted on Tuesday, the players received full pay in 2020, undiminished by the pandemic and unlimited by the escrow obligations that other sports leagues utilized. The league and the NFL Players Association agreed to spread the money lost due to the pandemic”
    ———————-

    As usual, the veterans screw the younger generation. Again.

    It makes no sense that players in 2020 didn’t take the biggest financial hit, when the pandemic affected the 2020 NFL revenue the most. Kids in 2022-25 looking for their first new contract gets a significantly lower cap to share because these veterans decided to defer the 2020 losses to them.

  3. Hard to imagine teams having to get under the cap limit by March 17 when they still aren’t sure what that number is on March 10.

  4. Finally the players will feel the effects of Covid (except for Dak). Welcome to the reality that everyone else is living in. Free agency will be a bloodbath!

  5. It’s crazy these qbs are taking up almost a quarter of the cap. I read the cowboys now have 5 players taking up over 60% of the cap

  6. so much for the thought that setting the floor at 180M a few weeks ago was some indication that the actual cap would be much higher as MF wrote.

  7. Wondering how much revenue is from TV deals vs stadium revenue. I know a lot of owners make money from the venue not just for football. Honestly surprised the number is not lower

  8. Based on the contract Prescott just received I don’t think 1 season of reduced revenue impacted the financial outlook for NFL teams . That being said I don’t understand why the cap was reduced which harms both the players and the teams . The first thing every NFL team does when the cap is set is figure out how to manipulate to their advantage . So if teams spend time and energy to do this why would they want to make it harder on themselves by not acknowledging that last year was an exception that warranted a discussion with the NFLPA about creating a cap based on the reality of what happened instead of sticking to a formula that surely wasn’t designed with a pandemic in mind .Not sure why the NFLPA didn’t step up and say the cap needs to be higher protecting players who now are likely to be cut since the NFL had no problem knocking on their door when they wanted to change something to protect or enhance their interests . A $15M reduction isn’t going to change the financial well being of any NFL team it’s only going to penalize the players who get cut and the fans who see their teams ability to win diminished because of it . Once again it shows the NFL doesn’t care about anything other then their greed and egos and the NFLPA adds another example of failing to protect the interest of the players they are supposed to represent .

  9. The way the players act and the owners are. Makes you not want to see anyone get paid.

  10. “The reduction arises directly from the financial losses incurred during the pandemic.”

    Except viewership numbers started their slide before the pandemic. And didn’t rebound when people were locked in their homes with nothing to do but consume media. Losing stadium revenue certainly didn’t help the situation but Florio needs to accept the reality that injecting politics into our escapist entertainment hurt the NFL’s bottom line. Now the player’s are seeing the damage in the form of less available money for salaries.

  11. ronfromnm says:

    March 10, 2021 at 8:54 am

    “The reduction arises directly from the financial losses incurred during the pandemic.”

    Except viewership numbers started their slide before the pandemic. And didn’t rebound when people were locked in their homes with nothing to do but consume media. Losing stadium revenue certainly didn’t help the situation but Florio needs to accept the reality that injecting politics into our escapist entertainment hurt the NFL’s bottom line. Now the player’s are seeing the damage in the form of less available money for salaries.
    ——–
    Well 1st off registered viewership is declining in tv general every single year as more and more people cut the chord so that’s nothing new. 2nd what your saying however makes no sense. Whether 1 person watches on tv or 1 million people it doesnt change the money from the current tv deals but what does change is live viewership which until last yr hadnt declined.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!

This site uses Akismet to reduce spam. Learn how your comment data is processed.