NFL teams are required to place franchise tags on players by March 7, 2023 and have until 4 p.m. ET on March 15, 2023 to be under the salary cap. Therefore, teams have until March 15 to release select players and restructure deals that may help them in their salary cap negotiations.
After 4 pm ET, franchises can begin signing unrestricted free agents to contracts. Teams will also have to deal with imminently available free agents between noon on March 13 and 4 pm ET on March 15. Still, official deals can only be agreed upon after the cutoff deadline.
#Saints Jameis Winston said he’s not yet a free agent, that he has one more season with New Orleans. Winston is expected to be a low on the salary cap. https://t.co/CXOm2Fc1iT
How is the 2023 NFL salary cap calculated?
The National Football League structures the salary cap by dividing the allocated percentage of the revenues negotiated in the Collective Bargaining Agreement (CBA) by 32. Once this division is made, active players will receive 48 percent of the revenue sharing proceeds. . The number increases each year, as long as the NFL generates more revenue.
The team to look forward to before the 2023 NFL salary cap deadline
The Chicago Bears are in the spotlight ahead of the 2023 salary-cap deadline. The Bears currently have $94 million in cap space to add free agents, they own the No. 1 pick in the 2023 Draft. Many teams probably feel envy for the situation the Bears are in. How many times can you make that statement in the NFL?
The Bears currently have one of the best dual-threat QBs in the league with Justin Fields at center, so they can change their number one pick in many ways. The days are ticking down to the salary cap deadline and the Draft, and all eyes will be on the Bears.
The NFL’s salary cap space for teams in 2023
Here’s a look at how much money each franchise has to spend at the time of writing:
- chicago bears – $94,434,449
- Atlanta Falcons – $56,575,855
- Las Vegas Raiders – $48,389,838
- New York Giants – $46,733,739
- houston jeans $37,612,053
- Cincinnati Bengals – $35,673,058
- New England Patriots – $34,255,547
- Seattle Seahawks – $31,042,644
- Baltimore Ravens – $24,978,480
- arizona cardinals – $14,604,205
- Detroit Lions – $13,915,951
- Indianapolis Colts – $12,440,976
- Philadelphia Eagles – $9,725,176
- Denver Broncos – $9,387,224
- Washington Commanders – $8,352,246
- san francisco 49ers – $8,063,016
- pittsburgh steelers $162,747
- New York Jets – -$264,498
- Kansas City Chiefs – -$3,507,734
- Green Bay Packers – -$4,665,743
- Dallas Cowboys – -$7,008,743
- carolina panthers – -$7,743,950
- cleveland browns – -$13,534,606
- Los Angeles Rams – -$14,122,570
- miami dolphins – -$16,377,201
- Buffalo bills – -$16,770,436
- Los Angeles Chargers – -$20,511,524
- tennessee titans -$21,074,378
- Jacksonville Jaguars – -$22,753,686
- minnesota vikings -$23,295,007
- New Orleans Saints – -$55,012,319