Bloomberg News

NFL Tells Teams Salary Cap Rises to $123 Million, AP Reports

March 01, 2013

The National Football League salary cap will be $123 million next season, the Associated Press reported, citing an unidentified players’ union official familiar with the decision.

The increase from $120.6 million is a result of higher- than-expected revenues last season, primarily from NFL Properties, and an increase in projected league revenues, said the NFL Players Association official, according to AP.

There was no salary cap in 2010, the final year of the old collective bargaining agreement, AP said. In 2011, the first year under the present deal, the figure was $120.38 million.

During the next four seasons, from 2013-16, each of the NFL’s 32 clubs will be required to spend an average of at least 89 percent of the salary cap in contract dollars, while overall league spending must average 95 percent under rules of the new 10-year labor deal, AP said.

To contact the reporter on this story: Nancy Kercheval in Washington at nkercheval@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus