The NFL announced on Monday that the salary cap will be rising for the 2023 season.
While this may not mean much to fans, this is great news for the NFL teams.
They will have more money to spend on this upcoming season, which is always a positive.
NFL Insider Tom Pelissero explained a few reasons why the salary cap has gone up.
The CBA is a revenue-sharing deal, and new media contracts, 17th game, etc., are all contributing to a rise that should continue.
The league anticipates it will will provide more info concerning total projected costs, including player benefits, in early March. https://t.co/kW7SxD2Cm0
— Tom Pelissero (@TomPelissero) January 30, 2023
The NFL is the most-watched sport in America each year, so the media contracts will bring the league tons of revenue.
Also, deciding to add a 17th game, while some players may not like it, the league loves it.
Another week of NFL games gives that much more revenue to the league and is a reason for the rising cap.
Each season the salary cap continues to go up as the league receives more revenue.
The only time it did not was the Covid-adjusted year partly due to fans not being allowed to attend games.
Now as the cap continues to rise, it will be interesting to see how teams respond.
Some teams like the Baltimore Ravens need to sign their franchise quarterback, so having more cap space will help them.
The teams with the most projected cap space in 2023 include the Chicago Bears, Atlanta Falcons, Cincinnati Bengals, and New York Giants.
It will be interesting to see what rebuilding teams like the Bears and Falcons do with their money.
Atlanta needs a quarterback and if Lamar Jackson somehow becomes available they should be all-in.
The additional cap space is great for the league and we should expect plenty of money spent this offseason.NEXT: Philly Analyst Declares Eagles Defender The NFL's Best