The NFL's salary cap for 2020, which is based on calculations used from the league's revenue, has been set at $198.2 million per team, according to Tom Pelissero of NFL Network. The figure is $1.8 million less than the $200 million figure that was expected.
The NFL Management Council just informed team officials the salary cap will be $198.2 million per club in 2020, per sources.
— Tom Pelissero (@TomPelissero) March 15, 2020
The announcement comes after NFL players approved a new collective bargaining agreement (CBA) between the NFL and NFLPA, which will run through the 2030 season. The salary cap will likely see a more significant spike next year once player revenue increases with the potential of new television deals.
That number is up from $188.2 million in 2019. The announcement of the exact figures was delayed as the NFL and the NFLPA negotiated a new collective bargaining agreement (CBA).
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This is the seventh-straight year the salary cap limit has risen by at least $10 million per franchise.
The 49ers currently have about $12.9 million in salary-cap space, based on the new salary cap and information from OverTheCap.com (Their $14.7 million figure minus $1.8 million), which ranks No. 27 in the NFL in terms of available money. That is a significant difference from the nearly $67.5 million in salary-cap space the team had around this time a year ago, which ranked No. 7 in the league.
Update: OverTheCap.com has updated its salary cap information, showing that the 49ers do indeed have about $12.9 million in space.
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The Miami Dolphins have the most salary-cap space at about $86.1 million while the Pittsburgh Steelers have the least with a negative cap number, as of this post.
NFL free agency is still scheduled to kick off at the start of the new league year on Wednesday, March 18. Teams can begin negotiating with the representatives of impending free agents on Monday, March 16.