After a year in which the pandemic took a lot of revenue from the NFL, many thought that the salary cap would be lower than expected. The NFL and NFLPA has previously set a $175M floor for teams. However, according to Mike Garafolo, that floor has now been raised.
The NFL in a memo to teams has said the salary cap floor has been increased from $175 million to $180 million after talks with the NFLPA.
— Mike Garafolo (@MikeGarafolo) February 18, 2021
Garafolo is reporting that the salary cap floor has been increased from $175M to $180M after talks with the NFLPA. According to a release by the NFL,
“This is not the final Salary Cap for the 2021 league year, which will be set following review of the final 2020 revenue figures and other audit and accounting adjustments. This agreement simply increases the minimum 2021 Salary Cap by $5M per club from $175M to $180M.”
As the release states, this is not the final Salary Cap number for this season. This agreement simply has raised the floor. There is a chance that it could go up slightly higher as well. However, this is overall good news for the NFL and especially the Los Angeles Rams.
What this means for the Rams
The Rams were presumed to start the offseason $25M over the cap according to Spotrac. With $5M more to work with, that number should be $20M now. It’s not a lot, but it certainly helps. That might mean one less salary cap inspired move that the Rams have to make this offseason.
Les Snead and co. will still have a lot of work on their hands if they are to open $40M-$50M in cap space. However, they certainly won’t take a free $5M for granted in that process. Salary restructures of Aaron Donald, Jalen Ramsey, and either Cooper Kupp or Robert Woods will now put the Rams under the cap.
They’ll need to do more if they want to bring back any of their own free agents or sign anyone in free agency. This is at least a start.