According to ESPN, the negotiations for a new collective bargaining agreement are headed toward a settlement, as both sides have agreed in principle to a rookie wage system and salary cap figures. The same source reports that the 2011 salary cap will be $120M, which puts the New York Jets, who have $128.5M committed to player salaries, above the limit.
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.