Who has the most cap space in the NFL in 2023?

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Who has the most cap space in the NFL in 2023? originally appeared on NBC Sports Bayarea

The NFL season is nearing its end as we gear up for Super Bowl 57 this February. Jalen Hurts and the Philadelphia Eagles will battle Patrick Mahomes and the Kansas City Chiefs in Glendale, Ariz.

And now, with the playoffs almost finished, it’s time for the league's teams to start thinking ahead to the 2023 NFL regular season.

On Monday, Jan. 30, the NFL set the 2023 salary cap at $224.8 million, reaching another NFL milestone up from the $208.2 cap in 2022.

Before the free agent meetings are scheduled and the checks are written, let’s take a deeper look into what salary cap space means and which teams have the most money to spend next season:

What does NFL salary cap mean?

The salary cap is an agreement between a team and its players that places a limit on the amount of money that can be spent on player contracts. This includes the player’s base salary and bonuses.

When was the salary cap be decided?

Team executives and owners gathered on Dec. 13 and 14 in Dallas for the Winter League Meeting and labor seminar where they provided an estimate on the cap. The final number was decided by the NFL and the NFLPA on Monday, Jan. 30.

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Which NFL team has the most cap space in 2023?

Here are the top 10 NFL teams that have the most cap space in 2023, according to Spotrac:

1. Chicago Bears: $98,638,366

3. Atlanta Falcons: $56,399,608

4. Cincinnati Bengals: $44,533,599

5. New York Giants: $44,416,480

6. New England Patriots: $38,052,722

7. Houston Texans: $37,121,466

8. Seattle Seahawks: $31,340,071

9. Baltimore Ravens: $28,763,873

10. Las Vegas Raiders: $18,439,005

Which NFL team has the least cap space in 2023?

The team with the least salary cap space in 2023 is the New Orleans Saints, who are over the cap by a whopping $57,384,434, meaning they have a negative salary cap.

Can an NFL team go over the salary cap?

The NFL uses a hard cap. This means that no team in the league is allowed to spend past the cap limit for any reason whatsoever.