The NFL’s salary cap will be $224.8 million in 2023, an increase of $16.6 million.
The league informed teams of the new cap figure on Monday in a memo obtained by The Associated Press.
Overall, the cap is up $42.3 million from 2021, when it was at $182.5 million after the 2020 COVID-19 pandemic caused a decrease of nearly $10 million.
Teams must be under the cap by 4 p.m. ET on March 15.
Quarterbacks will have the highest franchise tag cost at $32,416,000 followed by linebackers at $20,926,000, wide receivers at $19,743,000 and defensive ends $19,727,000.
The remaining franchise tag numbers are:
Running Back: $10,091,000
Tight End: $11,345,000
Offensive Linemen: $18,244,000
Defensive Tackle: $18,937,000
The transition tag for quarterbacks is $29,504,000. The remaining transition figures by position are:
Running Back: $8,429,000
Wide Receiver: $17,991,000
Tight End: $9,716,000
Offensive Linemen: $16,660,000
Defensive End: $17,452,000
Defensive Tackle: $16,068,000
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