Former NFL player Clinton Poris sentenced in fraud scandal
FILE - In this Nov. 2, 2020, file photo, the NFL logo is displayed at midfield during an NFL football game between the Tampa Bay Buccaneers and the New York Giants in East Rutherford, N.J. There are some very rich people about to get a whole lot richer. Who else but NFL owners? Probably within the next week, those 32 multi-millionaires/billionaires will see their future earnings increase exponentially. The league is on the verge of extending its broadcast deals with its current partners, and with a new full-time rights holder in Amazon likely acquiring streaming rights. (AP Photo/Adam Hunger, FIle)

NFL Sets Record Salary Cap

Monday, the NFL informed teams of the increased salary cap for next season. The league’s 2023 salary cap will be a record $224.8 million per club.

This jump marks an increase of $16.6 million from the 2022 season, which was $208.2 million.

NFL’s Recent Salary Cap History

The NFL’s salary cap has steadily grown over the past decade. The current cap stands at over $100 million more than the 2013 cap. The only time in recent years that the NFL’s salary cap has not grown was for the 2021 season when the league adjusted the cap to rebound from losses due to the pandemic.

Franchise Tag Changes

With the recent news of the NFL’s salary cap spike, ESPN has reported the franchise tag amounts for several position groups. NFL teams have until March 7 at 4 p.m. to apply the franchise tag to players. According to ESPN, franchise-tagged quarterbacks will receive fully guaranteed salaries of $32,416,000 in 2023. The franchise tag amounts for other positions:

Running backs: $10,091,000

Wide receivers: $19,743,000

Tight ends: $11,345,000

Offensive linemen: $18,244,000

Defensive ends: $19,727,000

Defensive tackles: $18,937,000

Linebackers: $20,926,000

Cornerbacks: $18,140,000

Safeties: $14,460,000

Kickers and punters: $5,393,000

Ends of the Spectrum

The $16.6 million jump in salary cap for next season undoubtedly puts all 32 NFL teams in a better position heading into next season. According to Sportrac data, the Chicago Bears lead the league in total cap space heading into this offseason, with over $98 million. The Atlanta Falcons have the second-highest amount of cap space as it stands, with over $56.4 million free. Fifteen teams remain in the red despite the cap jump. The New Orleans Saints are the worst off with $-57,384,434 in cap space. The Tampa Bay Buccaneers sit at $-55,717,949. The average cap space for all 32 NFL teams is $5,448,019.

About Nathaniel Wilson

Nathaniel is a second-year graduate student in the College of Journalism and Communications at the University of Florida. You can reach Nathaniel by email at nathanielwilson@ufl.edu.

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