According to Ian Rappaport of the NFL Network , the NFLl salary cap has been sent to every team, and the reported amount is $123 million. which is where it was back in 2009 in the final capped year of the previous CBA. The cap won’t spike in coming years despite the expected influx of big dollars from TV contracts in 2015.
The Salary cap last season was set at $120 million. This is great news for teams like the Dallas Cowboys, New York Jets, and Washington redskins, who are already close to, or over the cap, and must get under it if they hope to re-sign their free agents, as well as pursue other free agents. As of now free agency is set to open March 9th, but contracts can’t be officially signed until March 12th.
The other important date to know is March 5th, which is the deadline for teams to apply the franchise tag.