NFL Raises Salary Cap to $130 Million

  • Shane Richardson

Per ESPN’s NFL reporter Adam Schefter, the NFL will raise the salary cap to $130 million, an increase of just over 5% from 2013’s cap of $123 million. This is significant news for the NFL as it puts all but two teams under the cap; the Dallas Cowboys ($20.9 million) and the Pittsburgh Steelers ($8.9 million) are the last two teams still over the cap. Teams have until March 11th to be in compliance with the league’s cap limits; many teams wait until the deadline is closer to make their cuts.

Schefter also put the news out on his Twitter Feed:

 

The Collective Bargaining Agreement (CBA) stipulates how much teams can spend on players’  salaries and is determined through a complex calculation that includes revenue sources such as TV income, ticket sales, and merchandising. Players get about 48% of the total projected revenue; in 2014, a rookie’s minimum salary is $420,000, while a veteran with over ten years credited seasons will receive $955,000. These figures go up $15,000 per year for the life of the CBA (through 2020).

 

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Shane Richardson

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