NFL salary cap jumps nearly $1 million to $128M
Alex Marvez of FOXSports.com reports the NFL's salary cap has risen once again.
Teams were informed by the league Wednesday that the 2009 cap is jumping by almost $1 million to $128 million, according to NFL spokesman Greg Aiello.
The cap was slated to stand at $124 million entering the offseason under rules of the Collective Bargaining Agreement. But the number jumped to $127 million in late February just before the start of the free-agent signing period because teams failed to spend 59.5 percent of total revenues on player salaries and benefits in 2008.
The latest increase is $947,000. Aiello said the extra money, which resulted from accounting figures that were finalized in May, would normally be applied toward the following year's cap. That isn't possible for 2010 because this will be the final year of the cap unless the league reaches agreement with the NFL Players Association on a new CBA.
Teams were informed by the league Wednesday that the 2009 cap is jumping by almost $1 million to $128 million, according to NFL spokesman Greg Aiello.
The cap was slated to stand at $124 million entering the offseason under rules of the Collective Bargaining Agreement. But the number jumped to $127 million in late February just before the start of the free-agent signing period because teams failed to spend 59.5 percent of total revenues on player salaries and benefits in 2008.
The latest increase is $947,000. Aiello said the extra money, which resulted from accounting figures that were finalized in May, would normally be applied toward the following year's cap. That isn't possible for 2010 because this will be the final year of the cap unless the league reaches agreement with the NFL Players Association on a new CBA.
posted by The Gryphon at 6:42 PM
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