The NFL and NFLPA have agreed to a team salary cap of $188.2 million for 2019, up 6.2 percent from $177.2 million last year, according to ESPN.
The final agreement will be in place for the start of the new league year on March 13.
This marks the sixth consecutive season the salary cap has risen by at least $10 million. And the cap is up almost 57 percent from the $120 million cap in 2011, the first year of the current Collective Bargaining Agreement.
Unlike in some other sports, the NFL’s salary cap is a hard cap, and teams must stay under the figure or face substantial fines of up to $5 million per violation and the loss of draft picks. There is also a floor, or “minimum spend” requiring teams to pay out 89 percent of the salary cap over a four-year period.
If that $188.2 million figure sounds like a lot, bear in mind the NFL distributed a record $8.1 billiion ($255 million per team) in national revenue, most of it from TV rights deals, in 2017. That figure will only grow, as some rights deals are due to be extended in the next year.