Tom Pelissero of USA Today is reporting that NFL teams were informed Tuesday that the 2017 salary cap is expected to be between $166 million – $170 million.
The current salary cap is set at $155.27 million, which means we could be looking at increases of $10.73 million – $15 million when everything is set in stone.
This past weekend, Adam Schefter of ESPN reported the NFL was planning to inform teams this week that salary cap would be somewhere between $163 million and $165 million, so it appears as though this was an early, conservative estimate.
It’s worth mentioning that the first figures released, particularly from the NFL, are typically low estimates, so the possibility exists that the cap could climb even higher than these early figures.
The salary cap has been on the rise for the past few seasons after remaining flat for the first few years of the current collective bargaining agreement. Before this, the cap had increased by $10 million annually, which means there will likely end up being even more money available for player contracts.
NFL teams are required to spend 89 percent of their cap and cash spending has to 95 percent of the salary cap limit over a period of four years, or the difference will go to the union who distributes the money between the players.
Here’s how much money each team currently has to work with this season and could carry over into 2017 as of Friday: NFL Cap Space Rankings.
We’ll have more regarding the 2017 salary cap as the news is available.