While the official salary cap for the 2021 season has yet to be set, the NFL and the NFLPA have now agreed to set the floor at $180 million, an increase of $5 million from last year.
The information was provided to teams Thursday morning via the following memo that was sent to all club executives, presidents and general managers.
The memo reads in part:
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 $175,000. Following the negotiations 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.
The memo continues by reiterating that this is not the official salary cap for 2021, which will be set after a thorough review of last year’s revenue figures.