Wednesday, July 17, 2013
Packers financials: No '14 salary-cap spike
By Kevin Seifert
The Green Bay Packers' annual financial report drew national interest from those who are interested in the business of football, something that few of you are, at least based on my experience. But there is at least one issue buried in the report that all of you should be paying attention to.
In discussing player costs with reporters, Packers team president Mark Murphy bluntly confirmed what we've been discussing for several years: The NFL is not projecting the salary-cap spike in 2014 that many players and agents expected when the collective bargaining agreement (CBA) was signed in 2011 and followed by new television deals.
Murphy told reporters, via Dan Kaplan of the Sports Business Journal, that the NFL Players Association in essence borrowed from future caps to boost the allotments in 2011-13. The salary cap rose modestly from $120.6 million in 2012 to $123 million in 2013, and the 2014 number isn't expected to rise by any larger of a percentage. There seems a pretty decent chance that the number in 2014 will be lower than what it was in 2009 ($128 million), the last capped year of the previous CBA.
What does this mean for fans? Your teams, as always, will have enough flexibility to sign the players it really wants. But if you were expecting a frenzy generated by a spike in salary-cap space, well, the NFL doesn't see it happening.