2013 NFL salary cap set at $123M, up from $120.6M
The NFL set the 2013 salary cap at $123 million, up from the 2012 salary-cap total of $120.6 million and higher than the expected $121.5 million cap for 2013.
With free agency on the horizon and the start of the league year coming March 12, many teams are sweating the weight of the salary cap. Good news comes in the form of some small relief, though, as CBS Sports NFL Insider Jason La Canfora reports the cap has come in, officially, at $123 million.
That's a substantial jump from the expected $121.5 million that many expected and a bump up from the $120.6 million cap from 2012.
La Canfora reported over the weekend that the cap would rise and while $1.5 million (or, if you prefer, $2.4 million from last season) might not seem like a substantial amount of money, it at least creates a much better scenario than a totally flat cap or the expected small jump.
That's an extra $2.4 million per team that can be floated into the marketplace ($76.8 million total), and it'll mean that teams should have an easier time retaining current free agents and/or adding players once free agency opens on March 12.
Many teams also have salary-cap space carried over from 2012.
An extra $2.4 million isn't going to make or break a high-profile signing, but for teams that have been restructuring like crazy to get under the salary cap, the cushion is very nice news.
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