KANSAS CITY, Mo. – NFL teams in good financial shape should have plenty of motivation to open check books when the league’s calendar year begins March 9.
The NFLPA on Monday announced the official 2016 salary cap at a record-setting $155.27 million, an increase from the salary cap of $143.78 million in 2015.
Final team positions, which combine the league-wide salary cap and each organization’s carryover and adjustments from the previous NFL calendar year, are still to be announced, according to an NFLPA news release.
The NFLPA announced the league-wide carryovers late last week, with the Chiefs electing to carry over $2,622,838 of unused cap space from the 2015 league calendar year.
The Chiefs are projected to have $32.5 million in available cap space in 2016.
In addition to announcing the salary cap, the NFLPA released the official values for franchise and transition tag designations:
2016 FRANCHISE TAG
2016 TRANSITION TAG
The league-wide deadline for a team to designate a franchise or transition player is Tuesday at 4 p.m. ET.