The NFL’s salary cap will be $224.8 million in 2023, an increase of $16.6 million.
The league informed teams of the new cap figure on Monday in a memo obtained by The Associated Press.
Overall, the cap is up $42.3 million from 2021, when it was at $182.5 million after the 2020 COVID-19 pandemic caused a decrease of nearly $10 million.
Teams must be under the cap by 4 p.m. ET on March 15.
Quarterbacks will have the highest franchise tag cost at $32,416,000 followed by linebackers at $20,926,000, wide receivers at $19,743,000 and defensive ends $19,727,000.
The remaining franchise tag numbers are:
Running Back: $10,091,000
Tight End: $11,345,000
Offensive Linemen: $18,244,000
Defensive Tackle: $18,937,000
Cornerback: $18,140,000
Safety: $14,460,000
Kicker/Punter: $5,393,000
The transition tag for quarterbacks is $29,504,000. The remaining transition figures by position are:
Running Back: $8,429,000
Wide Receiver: $17,991,000
Tight End: $9,716,000
Offensive Linemen: $16,660,000
Defensive End: $17,452,000
Defensive Tackle: $16,068,000
Linebacker: $17,478,000
Cornerback: $15,791,000
Safety: $11,867,000
Kicker/Punter: $4,869,000
COMMENTS
When submitting content, please abide by our submission guidelines, and avoid posting profanity, personal attacks or harassment. Should you violate our submissions guidelines, we reserve the right to remove your comments and block your account. Sportsnet reserves the right to close a story’s comment section at any time.