According to Mike Garafolo of the NFL Network, NFL teams have been notified by the league that the 2018 salary cap has been set at $177.2 million.
The cap was $167 million in 2017, marking an increase of more than $10 million. This is the fifth straight year the salary cap has increased by at least $10 million.
Teams were notified yesterday of the salary cap and the numbers for franchise tag designations. There is an exception for players franchised for a second straight year.
The NFL’s collective bargaining agreement allows teams to carry over unused cap space from one year to the next. It also establishes a spending floor. Every four years, teams must spend at least 89 percent of their cap space in cash to avoid a CBA violation.
Three teams are currently over the cap: the Philadelphia Eagles, the Miami Dolphins and the Kansas City Chiefs. The Cleveland Browns, on the other hand, have the most room under the cap, with $108 million to spend.