posted on Feb, 19 2004 @ 02:31 PM
For the first time in history, the NFL salary cap will top $80 million in 2004, league and union officials confirmed. At a meeting in Dallas late in
the 2003 season, club officials were told to plan for a cap of about $78.7 million. Instead, the spending limit for the '04 season will be
approximately $80.5 million.
While that might not seem a very significant amount, the nearly $2 million bump from the anticipated ceiling represents some more breathing room for
franchises struggling to come into cap compliance. The league-wide cap was $75.1 million in 2003. Teams must be under the cap by the end of business
on March 2. The new cap number is expected to be announced by the end of the week.
"We've tried to identify every dollar [of designated gross revenue] that should count toward the cap," said one high-ranking NFL Players
Association official. "And we feel like we do a pretty good job of it. But this year, we made up our minds to be better than we've ever been, to find
every dollar coming to us."