2023 NFL salary cap could exceed $220M

The NFL salary cap could see a big bump entering the 2023 offseason with the chance of exceeding $220 million per team, according to Ian Rapoport and Tom Pelissero of NFL Network.

Though the final number won’t be revealed until late February or early March, the league will convene next week for the winter meetings Dec. 13 and 14 to discuss the details of the upcoming offseason.

“One source familiar with the process predicted the normal calculation of projected revenues would pin the 2023 cap number at “well above 220 (million).” But the NFL has not yet made its cap projection, sources say, and both the league and union have decisions to make that will impact the final math.”

The Colts will be among the leaders in salary cap yet again this offseason. According to Over The Cap, they currently have the ninth-most salary cap space at $34.8 million based on a $225 million salary cap.

A lot of that can change, of course, especially depending on the moves made this offseason. If the Colts part ways with quarterback Matt Ryan, they will have to eat a large chunk of dead money. However, they’d also save a significant amount against the cap.

It will be interesting to see who will be running the show in 2023. Owner Jim Irsay gave Chris Ballard the vote of confidence, saying he would be back this offseason. But we’ve seen just this season alone how much weight those promises carry.

The legal tampering period is set to open March 13 with the new league year officially arriving March 15.

It certainly should be another lively offseason from the Circle City, and the Colts should be among the top teams in salary-cap space for 2023.

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Story originally appeared on Colts Wire