NFL salary cap raised $1.5 million
NEW YORK (AP) — The NFL’s salary cap will get an additional boost of more than $1.5 million per team for next season.
After the NFL Players Association won an arbitration hearing that means an additional $50 million or so will be available for teams to spend. The official salary cap has not been determined, but was expected to rise by at least $10 million from the $143.5 million ceiling of last season.
The NFL on Tuesday explained the adjustment as a technical accounting matter. But the union contends the league miscalculated or was hiding money due the players.
The issue was whether specific revenues the league called exempt from being applied toward the salary cap actually should be counted. An arbitrator found in the players’ favor.
A new salary cap figure will be announced before the NFL’s business year begins March 9.