Teams Have an Additional $3 Million on Top of Cap to Spend

When the new CBA was voted on and accepted by the owners and then the players, it was widely publicized that the new salary cap would be $120.375 million. However, word is circulating now that the figure released is a “soft” cap, and that teams actually have an additional $3 mill to spend, raising the cap to $123.375 mill, with some caveats. Albert Breer (@AlbertBreer) tweeted the following:

Agents received an email from NFLPA today, clarifying how the $120.375 million cap is a “soft cap”. Each club can spend an extra $3 million.

… That $3 million must be spent on players with five or more years of service, and no more than $1 million can be used on one player.

The $3 million in exemptions to help older players stick w/teams, much like a veteran making the min is counted on cap at rookie min figure.

That’s good news for the Patriots, who will likely pursue a more veteran player in free agency. It will also help them in retaining Matt Light’s services, should they want to do so.

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Topics: New England Patriots, NFL, NFL Free Agency, NFL Salary Cap

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