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View Full Version : NFL salary cap jumps nearly $1 million to $128M



Lonestar
05-16-2009, 04:38 PM
by Alex Marvez

Updated: May 15, 2009, 2:52 PM EST 47 comments The NFL's salary cap has risen yet again this offseason.

Teams were informed by the league Wednesday that the 2009 cap is jumping by almost $1 million to $128 million, NFL spokesman Greg Aiello told FOXSports.com.

The added money was first reported earlier this morning on FOXSports.com.

The cap was originally slated to stand at $123 million entering the offseason — a projected $7 million increase over the 2008 salary cap under rules of the Collective Bargaining Agreement. But the number jumped to $127 million in late February just before the start of the free-agent signing period because teams failed to spend 59.5 percent of total revenues on player salaries and benefits in 2008.

The latest increase is $947,000. Aiello said the extra money, which resulted from accounting figures that were finalized in May, would normally be applied toward the following year's cap. That isn't possible for 2010 because this will be the final year of the cap unless the league reaches agreement with the NFL Players Association on a new CBA.

The NFL also is on track for a work stoppage in 2011 if a new deal between both sides can't be negotiated.

Under CBA rules, the cap equals roughly 60 percent of league revenue generated the previous year. The latest increase gives cap-strapped teams like Carolina more room in negotiating player contracts.

Aiello said the increase doesn't affect the minimum "floor" that teams must spend on player salaries under CBA rules. The 2009 number will remain at $107,748,000.

NFL owners will have closed-door discussions about the CBA next week at the league's annual spring meeting in Fort Lauderdale, Fla.

Recently hired NFL Players Association executive director DeMaurice Smith said earlier this month that he speaks three or four times per week with commissioner Roger Goodell, although Aiello said Friday negotiations had not begun on an agreement.

"Negotiations with the NFLPA on a new CBA have not commenced," Aiello said. "We have two more seasons to go on the current deal."

The salary cap began at $34.6 million when first instituted in 1994. The $12 million spike this year is the largest since 2006 when the cap ballooned from $85.5 million to $102 million following a CBA extension.


http://msn.foxsports.com/nfl/story/9577476/NFL-salary-cap-jumps-nearly-$1-million-to-$128M

Bronco Bible
05-17-2009, 01:52 PM
by Alex Marvez

Updated: May 15, 2009, 2:52 PM EST 47 comments The NFL's salary cap has risen yet again this offseason.

Teams were informed by the league Wednesday that the 2009 cap is jumping by almost $1 million to $128 million, NFL spokesman Greg Aiello told FOXSports.com.

The added money was first reported earlier this morning on FOXSports.com.

The cap was originally slated to stand at $123 million entering the offseason — a projected $7 million increase over the 2008 salary cap under rules of the Collective Bargaining Agreement. But the number jumped to $127 million in late February just before the start of the free-agent signing period because teams failed to spend 59.5 percent of total revenues on player salaries and benefits in 2008.

The latest increase is $947,000. Aiello said the extra money, which resulted from accounting figures that were finalized in May, would normally be applied toward the following year's cap. That isn't possible for 2010 because this will be the final year of the cap unless the league reaches agreement with the NFL Players Association on a new CBA.

The NFL also is on track for a work stoppage in 2011 if a new deal between both sides can't be negotiated.

Under CBA rules, the cap equals roughly 60 percent of league revenue generated the previous year. The latest increase gives cap-strapped teams like Carolina more room in negotiating player contracts.

Aiello said the increase doesn't affect the minimum "floor" that teams must spend on player salaries under CBA rules. The 2009 number will remain at $107,748,000.

NFL owners will have closed-door discussions about the CBA next week at the league's annual spring meeting in Fort Lauderdale, Fla.

Recently hired NFL Players Association executive director DeMaurice Smith said earlier this month that he speaks three or four times per week with commissioner Roger Goodell, although Aiello said Friday negotiations had not begun on an agreement.

"Negotiations with the NFLPA on a new CBA have not commenced," Aiello said. "We have two more seasons to go on the current deal."

The salary cap began at $34.6 million when first instituted in 1994. The $12 million spike this year is the largest since 2006 when the cap ballooned from $85.5 million to $102 million following a CBA extension.


http://msn.foxsports.com/nfl/story/9577476/NFL-salary-cap-jumps-nearly-$1-million-to-$128M

amazing money:eek:

Lonestar
05-17-2009, 04:05 PM
By DAVE SKRETTA, AP Sports Writer
May 15, 1:48 pm EDT

NEW YORK (AP)—NFL teams will have nearly $12 million more under the salary cap this season, the final year with one in place unless the league and its players’ union can reach a new collective bargaining agreement.

The cap was due to increase $7 million to $123 million this season, but additional adjustments stipulated in the current CBA will increase the total amount that teams can spend on player compensation to about $128 million. The $12 million increase is the largest in three years.

The league informed teams Wednesday that a “cash-adjustment mechanism” from final accounting figures in May will give clubs $947,000 of additional salary cap room, NFL spokesman Greg Aiello said in an e-mail to The Associated Press on Friday.

About $4 million in cap room had already been added earlier this year. The adjustments were triggered after spending on players fell below 59.5 percent of the league’s total revenue in 2008.

The adjustments, first reported by FoxSports.com, do not affect the minimum team salary of $107,748,000.


Aiello said the most recent adjustment would typically carry over to next season’s salary cap, but that isn’t possible after NFL owners decided last year to opt out of the CBA with two years remaining. Unless a new agreement is reached, there will be no salary cap in 2010.

Recently hired NFL Players Association executive director DeMaurice Smith said earlier this month that he speaks three or four times per week with commissioner Roger Goodell, although Aiello said Friday negotiations had not begun on an agreement.

“Negotiations with the NFLPA on a new CBA have not commenced,” Aiello said. “We have two more seasons to go on the current deal.”

The process likely won’t be easy with the economy in turmoil, but Smith has said he’s hopeful of reaching a deal to avoid a work stoppage for the 2011 season.

NFL owners will likely discuss their strategy for negotiating a new agreement next week at the league’s annual spring meeting in Fort Lauderdale, Fla.

http://sports.yahoo.com/nfl/news;_ylt=ApOIsWlEYaG_1BpsizbUifQdsLYF?slug=ap-salarycap-adjustment&prov=ap&type=lgns

DenBronx
05-17-2009, 04:50 PM
I guess this means we will be able to afford our high priced long snapper?