According to NFLPA executive director DeMaurice Smith, the 2015 salary cap is likely to be even higher than the $138.6 million to $141.8 million the NFL management council offered as a projection to teams last month.
“The last few years, you have seen various stories reported by some of you in the room … where you have reported things about the salary cap from ownership that has turned out to not be true,” Smith said in the media conference Thursday, via Tom Pelissero of USA Today.
“We believe that that not only misrepresents the economic reality of how the salary cap works, but our concern is that those inaccurate projections may have a negative consequence on some players who are trying to negotiate new contracts.”
In 2014, the cap wound up increasing from $123 million to a record $133 million, which was much higher than the initial projections from the NFL, so Smith could be right about the final cap being even higher.
“Look, I’m thrilled when the salary cap goes up 10 million dollars,” Smith said. “I’m ecstatic when they’re paying 8.5 (million) of that.”
NFL teams are required to spend 89 percent of the their cap and cash spending has to 95 percent of the salary cap limit, or the difference will go to the union who distributes the money between the players.
“Do we expect (the union projections) to be 100 percent accurate? We’ll do our best,” Smith said. “We’ll provide you with the guidelines and the criteria of how we reached that number. But indeed, we do believe that that is yet one way that we can serve the interest of our players.”
We’ll have more updates regarding the 2015 salary cap as the news is available.