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SALARY CAP CLIMBS EVEN HIGHER
Posted by Mike Florio on February 25, 2009, 8:16 p.m. EST
http://www.profootballtalk.com/2009/02/25/...bs-even-higher/
On a day that the Tampa Bay Buccaneers added more than $12 million to a salary cap bulge that already exceeded $50 million, the Bucs and every other team unexpectedly picked up another $4 million.
According to Adam Schefter of NFL Network, teams were informed that the salary cap will move from $123 million to $127 million.
The increase comes from a tweak in the CBA, which increases the cap if teams didn’t spend close enough to the limit in 2008.
The increase in the spending maximum also increases the mandatory spending minimum by more than $3 million.
From a competitive standpoint, teams who were pressed against the prior maximum have gotten some relief. And the agents for free agents and for players already under contract will surely do their best to get some of that money diverted to their clients.
Posted by Mike Florio on February 25, 2009, 8:16 p.m. EST
http://www.profootballtalk.com/2009/02/25/...bs-even-higher/
On a day that the Tampa Bay Buccaneers added more than $12 million to a salary cap bulge that already exceeded $50 million, the Bucs and every other team unexpectedly picked up another $4 million.
According to Adam Schefter of NFL Network, teams were informed that the salary cap will move from $123 million to $127 million.
The increase comes from a tweak in the CBA, which increases the cap if teams didn’t spend close enough to the limit in 2008.
The increase in the spending maximum also increases the mandatory spending minimum by more than $3 million.
From a competitive standpoint, teams who were pressed against the prior maximum have gotten some relief. And the agents for free agents and for players already under contract will surely do their best to get some of that money diverted to their clients.