The National Football Leagues’ salary cap has rose to $224.8 million for the 2023 season, which would break the league record set last year in 2022 by $16.6 million.
This will undoubtedly give teams more breathing room during the offseason. Even with the inflated number 14 teams will be over the cap with serious financial decisions coming down the line.
Billion-dollar sponsorship and broadcast deals like plated a major role in this dramatic rise for the National Football League. The League signed a huge media rights deal with CBS, FOX, NBC, ESPN, and Amazon in 2021 which will take place this year (2023).
For more information, NFL salary cap will reportedly increase to $224.8 million in 2023 was originally published on Yahoo Sports by Tyler Greenawalt