According to Adam Schefter of ESPN, the NFL plans to inform teams this week that they’re projecting a 2017 salary cap to be somewhere between $163 million and $165 million.
This would be another $10 million or so increase, considering that the current salary cap is set at $155.27 million.
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, so it’s clear that more money is 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.