The NFL informed teams Monday that the 2023 salary cap will be set at $224.8 million per club, shattering the previous record of $208.2 million, set in ’22. Previous reports had indicated the cap was bound for a record high, but an increase of more than $16 million still qualifies as a surprising jump. From ’13 to ’20, the salary cap had been growing at a pace of only $10.74 million a year.
Before this year’s record-setting amount, the league salary cap had dropped from $198.2 million in 2020 to $182.5 million in ’21 due to the COVID-19 pandemic. The ’19 cap was $188.2 million.
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