salary cap released

[Captain Morgan]

1.  Jonathan Jones retweeted

   Ian Rapoport ‏@RapSheet  2m2 minutes ago

   Teams were informed today the salary cap will officially be $143.28M, per source.

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[Kuech the Sneak]

I don't remember, what was the cap before?

[Snake]

Yikes thats only a 10 mill increase like last year. Let the mass exodus begin.

[Ivan The Awesome]

So that makes, carries the two, adds the... More money than I have in my bank account.

[CarolinaNCSU]

For reference, the cap was 133 million last year. Up 10 million, over all projections I had seen. 

 

 

Basically, good news. 

[Jangler]

and coming outta Hurney hell at the same time!

 

 

https://www.youtube.com/watch?v=DybwED19r-I

[O-Ther]

gonna mean Jax & Oakland will be over-paying to meet the 89% minimum floor

[CarolinaNCSU]

Side note...this is another reason I "don't care" so much about paying Cam 23 million a year or so. Rising QB contracts, with a rising cap, will help absorb a little bit of the sticker shock. Not to turn this into a Cam contract thread, which I probably just did. 

[panthers34]

So about how much cap space do we have?

[SgtJoo]

For reference, the cap was 133 million last year. Up 10 million, over all projections I had seen. 

 

 

Basically, good news. 

 

Is it though?

 

Helps the Saints...

[Mother Grabber]

and the Taints are still over.  lol

[Leeroy Jenkins PhD]

a good time to be a FA

[TheSpecial1]

Nice

[CarolinaNCSU]

Is it though?

 

Helps the Saints...

 

Eh, helps everyone. They're still 15 million or so over...going to have to cut people, with a closing window. Not worried. We're coming out of cap hell, with the cap raising 7-10 million a year let's just say. I showed in another thread about it raising an average of 18-20 million every 4 years since 1994 or so. And now it's drastically raising because of the billions the league is worth/tv deals. 

 

The thread a few days ago about us having 60 million in cap space next year, granted, with some major contracts on the way...just went to 70 million. If not 75-80 million with another cap jump (not like it's going down with the money the league is making). That means comfortably re-sign Cam, Luke...extend CJ, TD, Olsen...and still have a nice chunk of change left over to retain our own, or sign some others.