New York, NY, United States (4E Sports) – From $123 million last season, the NFL will increase its salary cap by five percent to about $130 million this season, according to sources.
The $130 million figure is higher than teams were expecting and is welcome news for many, especially the cash-strapped Dallas Cowboys and New Orleans Saints.
Earlier, Cowboys executive Stephen Jones said the team would not make make any decisions about players’ futures “until it’s time to get under the cap.”
Teams do not need to be compliant with the salary cap until March 11, but some have started cutting players to create cap savings.
The Detroit Lions last week released Louis Delmas and Nate Burleson, and the Saints cut Will Smith, Roman Harper and Jabari Greer.