NFL informs teams 2021 salary cap floor will be $180 million – The Denver Post

The NFL informed teams on Thursday that this year’s salary cap floor will be $180 million. A league source confirmed an ESPN report.

A league executive said their team is projecting a ceiling of $188 million, down $10.2 million from 2020 due to the coronavirus pandemic. Traditionally, the salary cap isn’t announced until close to the start of the league year (mid-March), but providing the floor figure will provide teams with a book-keeping head-start.

Since the salary cap was introduced in 1994, this is the first time it has decreased.

From 2013-20, the cap went up at least $10 million every year.

At $188 million, the league executive said: “It will be challenging for teams, but manageable. It may be helpful to have a whole new regime that wants to clear up some of the roster anyway.”

Teams with a new general manager/head coach combination are Atlanta (Terry Fontenot/Arthur Smith), Detroit (Brad Holmes/Dan Campbell), Houston (Nick Caserio/David Culley) and Jacksonville (Trent Baalke/Urban Meyer).

The Broncos fall in the middle — general manager George Paton was hired last month, but coach Vic Fangio is back for a third season. Carolina hired a new general manager (Scott Fitterer), but returning coach Matt Rhule has a heavy say in personnel.

Teams who retained their general manager but hired a new coach are Philadelphia, the Los Angeles Chargers and the New York Jets.

Adopting the $188 million cap, the Broncos can carry over $17,788,121 of space according to the NFLPA. That would make the Broncos’ cap $205,888,121 this year.

According to Over The Cap, the Broncos have $166,534,781 in “total liabilities” currently on the books for this year, which equates to $39,353,340 of cap space. Teams usually budget at least $20 million for their draft class, but Paton can make several maneuvers to open up space.

If the Broncos cut outside linebacker Von Miller, defensive end Jurrell Casey and backup quarterback Jeff Driskel, it would create $28,459,388 in cap space.

Armed with more than $60 million in cap space, Paton could be equal parts aggressive (hammering out a long-term deal with safety Justin Simmons and trading for a veteran cornerback) and realistic (signing several medium-priced free agents to improve the team’s depth).

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