SPORTS

NFL Salary Cap Could Drop By $70M Due to COVID-19

In a brand new piece on NBC Sports Boston, Patriots beat author Tom E. Curran delves into the potential monetary fallout of NFL groups enjoying a season with out amassing income from sources like stadium tickets, concessions, parking and native advertisers.

The 2020 wage cap is $198.2M, up from $188.2M in 2019. That form of development is widespread and was anticipated to proceed heading into 2021, because the cap has risen by at the least $10M yearly since 2012.

Obviously, due to coronavirus, that’s now not the case, and Jason Fitzgerald, the founding father of OverTheCap, tasks the cap might fall by nearly $70 million due to misplaced native income and backside out someplace round $130M in a worst-case state of affairs.

Should that occur, solely 4 of the NFL’s 32 groups (Colts, Chargers, Jaguars and Patriots) can be underneath the cap heading into the 2021 season. Teams are already making ready to get by with much less money subsequent season as rookie contracts for this 12 months are being doled out at a snail’s tempo.

“I think a big part of that is that a good portion of the signing bonus those guys get — which is a large portion of their contracts — gets paid within two weeks of signing so I think teams are looking to hoard cash right now just to prepare for the unknown,” Fitzgerald instructed Curran. “If they can push things with a rookie until August, they’re probably gonna do that.”

In order to forestall chaos subsequent offseason that would probably lead to big-name gamers being launched and a widening of the wage hole between NFL stars and the rank and file, the league might attempt to unfold out the income loss over a few years.

“I do think there is motivation and incentive for both sides not to allow a precipitous drop on the cap if the revenues fall as much as they might with empty stadiums,” mentioned Pete Kendall, a 12-year NFL veteran who was a key a part of the NFLPA throughout his enjoying days. “Both sides will try to do whatever they can to make any drop palatable and digestible. I don’t think it’s a good look for the league, quite frankly, to be talking about a salary cap that’s almost $200M to talk about a cap that falls below $150M.”Read the complete story at NBC Sports Boston

picture : NFL Commissioner Roger Goodell speaks at a press convention on January 29, 2020.Rich Graessle/PPI/Icon Sportswire by way of Getty Images

POPULAR POSTS

To Top