NFL Network’s Mike Garafolo reported Thursday morning that the NFL has notified teams of the new salary cap minimum, which will be $180 million for the new league year. Being that the league suffered losses in revenue this past season due to the COVID-19 pandemic, the ultimate figure could be higher than some initially expected. The current floor is an increase from a previous $175 million floor.
A memo to teams, per Kevin Patra of NFL.com, reads “This is not the final Salary Cap for the 2021 League Year, which will be set following review of final 2020 revenue figures and other audit and accounting adjustments.