The NFL salary cap just got a huge increase for the 2016 season
The NFL salary cap just got a $12 million boost.
When NFL free agency kicks off March 9, the league's 32 teams are going to have some serious money to spend, thanks in large part to a salary cap increase of almost $12 million.
The cap increase will likely come as good news to teams like Miami, New Orleans, Baltimore and Buffalo, who are currently the only four teams with less than $10 million in cap space available, according to the most recent numbers.
On the other end of the spectrum, the Jaguars, Raiders and Bears are going to have a huge amount of cap space. The Jaguars rolled over almost $32 million from last year's cap, which means they're going to have almost $75 million to spend during free agency.
That carryover money from 2015 is added to the 2016 cap number, which means all 32 teams will have a different "hard" number that they're allowed to spend.
As for the salary cap itself, at $155.27 million, it has more than doubled since 2003. The salary cap was first instituted in 1994 when teams had all of $34.6 million to spend.
NFL Salary Cap since 2003
2016: $155.27 million
2015: $143.28 million
2014: $133 million
2013: $123 million
2012: $120.6 million
2011: $120 million
2009: $123 million
2008: $116 million
2007: $109 million
2006: $102 million
2005: $85.5 million
2004: $80.58 million
2003: $75 million
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