Report: NFL salary cap to balloon to record $224.8 million per club next season

A historic increase to the NFL’s salary cap is on the way for next season.

On Monday, Tom Pelissero of NFL Network took to Twitter to share the news that the league’s salary cap will rise to a record $224.8 million per club next season — up from $208.2 million this past season.

“The NFL informed teams today that the 2023 salary cap will be a record $224.8 million per club, sources tell me and @RapSheet,” tweeted Pelissero. “That’s up from $208.2 million in 2022, $182.5M in 2021 (COVID adjustment), 198.2M in 2020 and $188.2M in 2019.”

Continuing, Pelissero explained the factors that contributed to the historic increase in the salary cap for the 2023 season.

“The CBA is a revenue-sharing deal, and new media contracts, 17th game, etc., are all contributing to a rise that should continue,” added Pelissero. “The league anticipates it will will provide more info concerning total projected costs, including player benefits, in early March.”

As you can see, that’s a huge increase that will pay dividends throughout the league. Franchises will have more money to extend their own, attack free agency and acquire a myriad of talent.

While the Super Bowl is now set between the Kansas City Chiefs and Philadelphia Eagles, 30 other franchises are ready for the offseason. When the time comes, money will be spent in droves.

Vegas sets Super Bowl LVII opening line for Chiefs-Eagles matchup

With Super Bowl LVII set to feature the Kansas City Chiefs and Philadelphia Eagles, Vegas as set the opening line for the championship game.

Not long after the final whistle sounded for the Chiefs-Bengals game on Sunday night, Vegas released their opening line for the biggest game of the year — with the Eagles opening as a 1.5-point favorite.

The Eagles are the early favorite, but not by much as betting lines give them a 1.5-point edge. The over/under line for the game was set as well, with 49.5 being the mark to bet on now.

Philadelphia took care of San Francisco in a 31-7 contest in the NFC Championship Game early on Sunday, earning their trip to the big game. Then, the AFC Championship Game provided more excitement, with the Chiefs winning a 23-20 decision thanks to a game-winning field goal.

Super Bowl LVII is scheduled for Sunday, Feb. 12 with kickoff coming at 6:30 p.m. ET on FOX. It will be played in Glendale’s State Farm Stadium in Arizona.

On3’s Austin Brezina contributed to this article.