The NFL network have reported that the salary cap for the 2021 NFL season will officially be set at US$182.5 million, with the previous salary cap set at US$198.2 million.
Due to COVID-19 forcing teams to play in front of no or limited fans, the financial income for many teams in the past year has been hindered. Because of this, the NFL have been forced to lower the salary cap by over US$15 million.
In 2018 the salary cap was set at US$177.2 million, which then rose to US$188.2 million in 2019. If it had carried on rising at the same rate, the salary cap could have been upwards of US$208 million.
2021 is the first season in the last ten years that the salary hadn’t risen by US$10 million or more.
Because of the reduction of overall salary for each team, it is likely that a lot of veteran players will be released so teams can match the salary cap. Teams will be able to sign free agents for their 2021 campaign from March 17.
The 102nd NFL season will begin on September 9th at the Raymond James Stadium in Tampa, Florida. Last season recently concluded with Tampa Bay Buccaneers beating Kansas City Chiefs 31-9.