Brian Spurlock/USA TODAY

Report: NFL Salary Cap Set at $155.27 Million for the 2016 Season

According to reports, the 2016 salary cap was agreed upon Friday night and it is good news for the Carolina Panthers.

Tom Pelissero of USA Today tweeted on Friday that the NFL and the NFLPA had finalized the salary cap for the upcoming season at $155.27 million dollars. This was an increase of almost $12 million dollars from last year's cap of $143.28 million.

This is certainly good news for the Carolina Panthers as they have some players in the next few months that could be in line for significant pay raises. Cornerback Josh Norman is the most pressing need as he will become a free agent next month unless the front office is not able to come to terms on a long term deal or use the franchise tag. If the team does decide to use the tag, Norman would return to the Panthers but expected to make over $13 million dollars next year.

In addition to Norman, the front office may look to extend players like Kawann Short and Mario Addison, who will be entering the final year of their contracts.

According to Spotrac, the Panthers should enter this offseason with cap space of $29,550,000, which includes the $3,731,200 of unused cap from last season that they elected to rollover to this year.

This increase should not only help the Panthers' keep their own free agents but have the flexibility to add players in free agency to build depth on the roster.

Twitter @BrandonCroce.

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