The 2025 NFL salary cap was expected to land somewhere around $272.5 million — a record high for a league that effectively prints its own money. On Wednesday, league officials dropped even more good news on free agents and cash-strapped franchises; that spending limit could be as much as $10 million more than initial estimates.
While this year’s salary cap hasn’t been finalized, the NFL told team executives across its landscape to expect a ceiling between $277.5 million to $281.5 million, per ESPN’s Dan Graziano. That’s more than $20 million up from last year’s $255.4 million cap last fall.
That, paired with a relatively weak crop of free agents, means we’re likely to see some bananas contract numbers once the legal tampering period opens up March 12. A player like Malcolm Koonce could approach a nine-figure contract should a frenzy fueled by more than $300 million in extra cash arise. Some teams are set to thrive more than others in what looks like a seller’s market.
Let’s start with the most obvious winner.
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