The NFL’s salary cap will be $224.8 million in 2023, an increase of $16.6 million.
The league informed teams of the new cap figure on Monday in a memo obtained by The Associated Press.
Overall, the cap is up $42.3 million from 2021, when it was at $182.5 million after the 2020 covid-19 pandemic caused a decrease of nearly $10 million.
Teams must be under the cap by 4 p.m. March 15.
Quarterbacks will have the highest franchise tag cost at $32,416,000 followed by linebackers at $20,926,000, wide receivers at $19,743,000 and defensive ends $19,727,000.
The remaining franchise tag numbers are:
Running back: $10,091,000
Tight end: $11,345,000
Offensive linemen: $18,244,000
Defensive tackle: $18,937,000
Cornerback: $18,140,000
Safety: $14,460,000
Kicker/punter: $5,393,000
The transition tag for quarterbacks is $29,504,000. The remaining transition figures by position are:
Running back: $8,429,000
Wide receiver: $17,991,000
Tight end: $9,716,000
Offensive linemen: $16,660,000
Defensive end: $17,452,000
Defensive tackle: $16,068,000
Linebacker: $17,478,000
Cornerback: $15,791,000
Safety: $11,867,000
Kicker/punter: $4,869,000
