Report: NFL salary cap jumping to $224.8M in 2023
The NFL told teams Monday that the 2023 salary cap will come in at $224.8 million, sources told NFL Network's Tom Pelissero and Ian Rapoport.
The figure represents a jump of over $16 million from the 2022 salary cap of $208.2 million. It's the second consecutive year the cap has increased, though the dip from 2020 to 2021 was a byproduct of the COVID-19 pandemic.
| Salary Cap | Year |
|---|---|
| $224.8M | 2023 |
| $208.2M | 2022 |
| $182.5M | 2021 |
| $198.2M | 2020 |
New media contracts and the addition of a 17th regular-season game are among the factors that led to the increase for 2023, Pelissero adds.
The Chicago Bears are projected to have the most cap space available heading into the offseason with $98.6 million, per Spotrac.
The NFL also allocated a franchise tag value for each position group Monday, according to Albert Breer of The MMQB.
The NFL informed teams of the 2023 franchise tag numbers today. And here they are …
— Albert Breer (@AlbertBreer) January 30, 2023
QB: $32,416,000
RB: $10,091,000
WR: $19,743,000
TE: $11,345,000
OL: $18,244,000
DE: $19,727,000
DT: $18,937,000
LB: $20,926,000
CB: $18,140,000
S: $14,460,000
K/P: $5,393,000