So, if you haven't been paying close attention to the salary cap recently (or at all), here is the significance of that number.
- In 2020, the NFL set the salary cap to $198.2 million.
- In 2019, the salary cap was $188.2 million.
- The salary cap has increased every single year since having an uncapped year in 2010.
Why the lower number? NFL teams attributed almost $4 billion in revenue losses due to the coronavirus pandemic, according to this CBS News report.
Instead of the salary cap going up once again – and teams banking on that annual increase when structuring contracts and forecasting budgets – the league has informed clubs to prepare accordingly because the minimum will now be $180 million. According to one report, the final number is "likely to be between $180 million and $185 million, though almost certainly on the lower end of that range."
That's a significant decrease, especially for teams that already over the projected cap number have to make significant cuts and restructure deals just to get in line with the cap.
And the Falcons are one of those teams.
Atlanta has already started to make some necessary moves to get in compliance with the salary cap. On Thursday, the team announced that it had released safety Ricardo Allen, defensive end Allen Bailey and waived quarterback Kurt Benkert. As Michael Ginnitti of Spotrac tweeted, the move cleared up "a much-needed $10.75M of cap space for the Falcons."
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February 20, 2021 at 04:52AM
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news Falcons' salary cap to have major roster impact, but not set yet - AtlantaFalcons.com
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