Football has been reinstated and everyone is going crazy except for the NFL franchises that overextended themselves financially the past two seasons. This years draft picks have yet to be signed and the Dallas Cowboys are millions of dollars over the proposed salary cap. They are not alone, the teams that went on a spending spree the last few years, and specifically last year with an uncapped year, and are now over the new salary cap, have been given a slight reprieve on keeping their current players.
Earlier this week it was revealed that the salary cap for the 2011 NFL season would be 120 million. John Clayton also reported that there could be an addition 20 million available in ancillary benefits. The biggest development is that the cap floor will be 90% of the cap. Raising the cap floor will force all teams to spend at least 108M. I’m sure this was a key point in negotiations since it increases the total amount spent on player costs. Teams could offer more front-loaded contracts in order to meet the cap figure. Additionally, it’s uncertain whether it’s a soft cap that would allow teams to retain their veteran free agents or not.
Ironically the teams that did the most spending all did well with the exception of the Cowboys and the Broncos. The Cowboys have been promising for the past 6 seasons. They have taken the most chances with guys like Terrell Owens, Adam Jones, and Roy Williams. They have also had the most pro bowlers and have been about everyone's favorite to win it all the past 3 - 4 years.