NFL announces new $180 million salary cap floor for 2021 season

Alyssa Barbieri
·2 min read

The NFL announced that there will be an increase in the original salary cap floor for the 2021 season.

Previously, the salary cap floor was slated to be around $175 million, which was due to the financial concerns due to COVID-19. Now, according to a memo sent to NFL teams, the new salary cap floor will increase to $180 million.

Here’s the memo the NFL sent out to teams:

“As you know, one aspect of the agreements negotiated last summer with the NFLPA to address operations during the pandemic provides that the 2021 Salary Cap will be no less than $175 million. Following discussions with the union that addressed both actual 2020 revenues and projected attendance for the 2021 season, we have agreed to increase the minimum Salary cap for the 2021 League Year to $180 million.

“This is not the final Salary Cap for the 2021 League Year, which will be set following review of final 2020 revenue figures and other audit and accounting adjustments. This agreement simply increases the minimum 2021 Salary Cap by $5 million per club, from $175 million to $180 million.

“We will promptly advise all clubs as soon as the Salary Cap is set.”

While the floor has risen to $180 million, that’s not necessarily the set amount. The NFL and NFLPA still need to agree to a final amount.

The salary cap is usually announced in late February, but reports indicated that it likely won’t be revealed until the lead-up to free agency in mid March. Perhaps even “hours before the start of the league year,” which is on March 17, according to NFL Network’s Tom Pelissero.

But, at minimum, Bears general manager Ryan Pace will have around $18.2 million less cap space to work with in 2021. Which means he has some important decisions to make in terms of freeing up cap space for next season.

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