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.