May
15

League Sets Salary Cap At $128M

posted by: Site Admin | Salary Cap | 0 comments

League Sets Salary Cap At $128M

The NFL's 2009 salary cap will be nearly $12 million more than last season after a final adjustment brought the total to $128 million.

The salary cap is technically $123 million for 2009, an increase of about $7 million from last season, as set out in the collective bargaining agreement.

About $4 million in cap room was added when a "cash-adjustment mechanism" was triggered after spending on players fell below 59.5 percent of the league's total revenue in 2008, NFL spokesman Greg Aiello told The Associated Press on Friday.

The league informed teams Wednesday that a final adjustment this month will give clubs $947,000 of additional cap room. The money would have carried over to next season, but this is the final salary cap year under the current CBA.

According to various sources, the New York Jets have about $13M of salary cap room, including $3,429,442 allocated to sign the rookies.

Tags: salary, salary cap

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