Money matters: Salary cap going up

The league announced on Wednesday that the salary cap will increase by $7 million in 2007 and an additional $7 million for 2008.

Should Ted Thompson decide to open the Packers' vault, the NFL's salary cap will provide the proper combination.

The salary cap will rise from $102 million in 2006 to $109 million in 2007, then to $116 million for 2008, the league announced on Wednesday.

The figures are subject to change once the league finalizes its yearly bean counting. Players get 57 percent of revenue in 2006 and 2007, 57.5 percent in 2008 and 2009, and 58 percent in 2010 and 2011 — the final year of the cap, unless an extension is collectively bargained before then.

(Revenue that is shared among teams and included in those percentages includes national TV contracts, ticket sales, merchandise sales, naming rights and local advertising. Revenue the Packers pocket without sharing includes local TV and radio contracts, money from luxury boxes, the Packers Pro Shop, concessions and parking.)

The Packers will enter this offseason about $20 million under the $109 million cap. Should Brett Favre retire, the Packers would gain an additional $11 million — his base salary of $11 million would be wiped from the books; only the prorated amount of his signing bonus, $1.2 million, would count.

Lawrence is a regular contributor to PackerReport.com. Send comments to steve_lawrence_packers@yahoo.com.


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