The league informed teams of the official cap number Wednesday morning in a memo, which was obtained by ESPN. The drop-off will force teams to make difficult roster decisions in the coming days and weeks.
Cap limits had risen in every year since 2011 in conjunction with rising league revenues, but a 92% drop in attendance during the COVID-19 pandemic led to reduced revenues in 2020. The NFL and the NFLPA agreed last summer that the cap would be no lower than $175 million; last month they informed teams that it would be at least $180 million. It was $198.2 million in 2020.
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