NFL salary cap due for ‘substantial increase’ in 2015
The NFL owners came out of meetings Wednesday with an idea of the 2015 salary cap, but the NFL Players Association has a different opinion.
The National Football League had its owners meetings this week, and one of many topics covered was the projected salary cap for 2015. The owners gave an approximate number between $138.6 and $141.8 million, per ESPN’s Adam Schefter. However, the NFL Players Association disagrees, expecting the number to be much higher.
On Thursday morning, the NFLPA released a memo to its executive committee, player reps and contract advisers, with its view on the subject:
“As you may have read, recent media reports from the NFL owners meetings in Dallas projected the 2015 NFL Salary Cap to be between $138.6 and $141.8 million. Last year, these same “projections” called for a flat cap that was ultimately a $10 million increase from the previous year. The salary cap is inextricably tied to League revenues and as we saw last year, substantial increases in revenue will lead to substantial increases in the salary cap.
We have become increasingly concerned about these early projections and in the upcoming months the NFLPA will issue projections based upon our analysis of expected revenue. We believe that this will aid players, agents and general managers to more effectively forecast the salary cap and aid players in contract negotiations. Additionally, we will provide you with information previously shared with players about the current spending levels of all teams and their compliance with the minimum cash spending requirements of the new CBA.
As Partners in this business, our expectation is that NFL revenues will continue to grow and our business will continue to thrive.”
In so many words, the NFLPA is basically stating that with league revenues coming in at a higher percentage than ever before, the cap should continue to increase at an equal rate. When the NFLPA comes out with its own cap projection, it will likely be somewhere well north of the NFL’s figure.
The current salary cap is $133 million, so even if the NFL’s lowest figure becomes reality, it is still a $5 million jump. With the NFLPA getting testy about the figure, it is safe to assume the final number will be higher, giving the league another serious jump in salary without increasing the size of rosters.
There are a few teams that would love to see a serious increase in the cap, specifically the New Orleans Saints. Should the cap number settle on $140 million, New Orleans would actually have to shave $20 million just to be cap compliant, per Over the Cap. The Arizona Cardinals, San Francisco 49ers and Miami Dolphins would also have to shed contracts to fit under the salary cap.
Here is how the 2015 cap breaks down for each team, projected at $140 million:
|New York Jets||$41,415,680|
|Tampa Bay Buccaneers||$31,093,495|
|San Diego Chargers||$26,223,487|
|Green Bay Packers||$17,784,036|
|New York Giants||$17,343,332|
|St. Louis Rams||$5,395,253|
|Kansas City Chiefs||$1,745,325|
|New England Patriots||$1,589,619|
|San Francisco 49ers||-$9,087,358|
|New Orleans Saints||-$20,010,991|
Teams can also carry over cap space from this season into 2015, helping some cap-strapped franchises save a few million, with the numbers per the NFLPA. Jacksonville and Cleveland have the most carryover of any team at $22 and $19 million, respectively. Philadelphia comes in third, carrying over $15 million, with the Jets at $12 million and the Titans at $11 million filling out the five highest totals.