|02-28-2013, 06:47 PM||#1|
Join Date: Jun 2005
Location: Tranquility Base
Salary Cap increase projected to be $123 Mill
Salary Cap increase projected to be $123 Mill up from $120.6 Mill.
The NFL salary cap for the 2013 season will rise to $123 million from $120.6 million in 2012, an NFL Players Association official familiar with negotiations over the figure told The Associated Press on Thursday.
The increase, which is larger than some in the NFL had anticipated, is a result of greater-than-expected revenues last season - primarily from NFL Properties - and a jump in projected league revenues, according to the official...
...The league and the union work together to establish a cap number, based on parameters established under their collective bargaining agreement. The current 10-year CBA was signed in August 2011, ending the owners' lockout of the players.
One of the main areas of contention during that labor dispute was how to divide the more than $9 billion in annual league revenues, a figure that will keep rising, particularly once the NFL's new television contracts kick in for the 2014 season. Those additional revenues will be reflected in the salary cap for 2015, which is expected to see a more significant increase than the roughly 2 percent uptick from 2012 to 2013.
OMG I wonder if we can afford to keep Clady afterall!?!?