NFL salary cap set at $133 million
The NFL salary cap limit is $133 million for the 2014 fiscal year, a $10 million increase from last year.
According to the NFL Players Association, teams averaged a carry-over of $6.1 million per team from 2013 to 2014.
So, most teams have an average of $139.1 million to allocate for 2014 player salaries in 2014.
The salary cap is calculated by taking a percentage of all projected NFL revenues and subtracting projected benefits for the upcoming season, and dividing by 32 teams.
Under the current collective bargaining agreemnent, teams have minimum cash spending requirements. For the years 2013- through 2016, teams are required to spend an average of 89 percent of the salary cap over the four-year period. NFL teams must spend an average of 9 of the Salary Cap over the four-year period.
"This creates a cash-spend floor, forcing historically low-spending clubs to offer overall competitive compensation for packages," the union said.
Follow me on Twitter: @RavensInsider
Are player benefits taken out of this $133 million?
The $133 million Salary Cap is the cap on active player salaries. In addition, each Club will spend in excess of $33 million in benefits. This includes pension, severance, workers? compensation, insurance premiums, disability benefits, etc.