Lookie, lookie - we just found $4 million
When NFL executives went to bed last night, the salary cap was $123 million.
Per Adam Schefter of the NFL Network, teams now have an extra $4 million to spend. The 2009 salary cap will be $127 million. The increase is due to teams not spending "as much as they were supposed to" during the past 3 years under the CBA.
As Schefter points out, that is a huge advantage for the teams that were close to the number such as the Colts and Panthers. On the other hand, it would reduce some of the advantage that teams well under the cap would have such as the Chiefs and Bucs.
In either case, it should make the start of the free agency period and the new NFL year (12:01 a.m. Friday) even more interesting.
Per Adam Schefter of the NFL Network, teams now have an extra $4 million to spend. The 2009 salary cap will be $127 million. The increase is due to teams not spending "as much as they were supposed to" during the past 3 years under the CBA.
As Schefter points out, that is a huge advantage for the teams that were close to the number such as the Colts and Panthers. On the other hand, it would reduce some of the advantage that teams well under the cap would have such as the Chiefs and Bucs.
In either case, it should make the start of the free agency period and the new NFL year (12:01 a.m. Friday) even more interesting.
