NFL Sets 2021 Salary Cap Minimum
The NFL sent a memo to teams on Thursday outlining plans for the 2021 salary cap. The league told teams the 2021 cap would be a minimum of $180 million, an increase in the originally agreed upon cap minimum of $175 million between the league and the NFLPA this past summer. The final cap number according to the NFL is to be set after a final review of the revenue generated during the 2020 season.
For the Baltimore Ravens this news brings a small sigh of relief, and gives Ravens GM Eric DeCosta some financial flexibility. The Ravens at the end of the 2020 season had a projected cap space of around $14 million, but with a projected league cap of $180 million. The Ravens would be projected to have around $18 million in available cap space.
The Ravens have several tough decisions to make this offseason, not only on potential open market free agents, but on their own pending unrestricted free agents such as Matthew Judon, Willie Sneed, Derek Wolf, Yannick Ngakoue, Tyus Bowser, Jihad Ward, and Pernell McPhee. As well as notable restricted free agents, Gus Edwards and Chris Board.