The league raised the salary cap by $1 million this week due to an accounting adjustment. The new salary cap is now $128 million.
In what may well turn out to be the final year of the NFL salary cap, the NFL announced Friday that the original salary cap projection for 2009 was undershot and that the new cap figure for 2009 will be $128 million.
Initially estimated to be an increase of about $7 million per team, the new $12 figure is the biggest increase in the cap in the last three years. However, the minimum that a team can spend on player compensation won't increase from the current minimum of $107.75 million, according to FoxSports.com's Alex Marvez.
The formula for determining the salary cap was agreed on during the last collective bargaining agreement. The players are entitled to as much as 59.5 percent of the league's total revenue for the previous year.
Despite a difficult economy, the NFL is still doing well enough to see these increases. Since instituting the salary cap, it has never gone down and, despite a deepening national economic recession, the $12 million increase is the greatest single-season jump in the cap that wasn't triggered by a new CBA. The increase reflects an increase in $384 million that can spent by the league's 32 teams on player salaries.
It increase should be seen as good news for both the owners and players, since it shows the league continues to grow and prosper. But, unless a new CBA can be hammered out by next March, the 2009 season will likely be the last with a salary cap. As of this time, no serious talks have begun between the owners and the players union to come up with a new agreement.
NFL owners are expected to discuss their CBA negotiation strategy next week at the NFL Spring Meeting in Fort Lauderdale.
The Washington Redskins won another legal battle Friday in a 17-year fight with a group of Native Americans that argued that the team's trademark is racially offensive. The victory wasn't over whether or not the team name is offensive, but rather on a legal technicality that courts have ruled the American Indian group waited too long to challenge the trademark.
Michael Vick's NFL comeback is expected to start next week with his release from federal prison. Vick, who was sentenced to 23 months on dog fighting charges, could still face punitive actions from the league, which has never officially suspended the former Falcons QB.
According to published reports, Brett Favre apparently told NFL Commissioner Roger Goodell that Packers General Manager Ted Thompson didn't want Favre to go to the Vikings "because I know I'll kick his ass twice a year." Favre has maintained that revenge isn't the motivating factor to return to the NFC North, but his words may say something different.
There are growing rumors that Tampa Bay might get involved in the Favre sweepstakes if he opts to return. However, if Favre's motivation is to get to a Super Bowl, it would seem his chances are much better with the Vikings than with the Buccaneers.