Players generally want higher salary cap limits (and the league lower cap limits) because it means more money being paid out in contracts (more money that the league gets to keep). Of course, NFL teams engage in all sorts of financial wizardry - which we will discuss below - to legally maneuver around the cap in a given season.Įach year, a new cap limit is negotiated between the league and the players as a part of the CBA (collective bargaining agreement). Teams can face a number of penalties if they exceed the cap limit and do not reconcile it quickly, including fines, voided contracts, draft picks, etc. The cap limit is set at about $225 million in 2023, which essentially means that teams can’t pay more than $225 million total across all players. Let’s step through the major concepts now.Ĭap Hit - How much a team’s spending on a certain player is counted towards the ‘cap.’ This is the ceiling that facilitates all of a team’s decisions. I also read up on FAQs, hypotheticals, and the nuts and bolts of contract guarantees. I did a lot of learning myself for this piece, from the NFL glossary to Spotrac, the gold standard for sports contract data. This article will focus on the basics, explaining simple structures and terms to lay the groundwork for the more complex analysis to follow.
MY MONEY MATTERS UPDATE
In this series, we’ll analyze the financial landscape across the NFL: spending trends, interesting contracts, and players/teams that you should update your fantasy football beliefs about. No amount of OTA hype videos or ebullient coach-speak can make up for a weak fiscal investment in a player. I know I have.Īnd yet, contracts are the ultimate way for NFL teams to declare their intentions, and that makes finance important for fantasy. You’ve probably nodded off reading about signing bonuses, guaranteed money, cap restructures, and the like. A common refrain you’ll hear on the Fantasy Footballers is “Follow the money.”įootball can be complicated, and football finance can be really complicated.
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