The Las Vegas Raiders are expected to greatly benefit from the recent increase in the NFL’s salary cap

The National Football League (NFL) is taking a big step in supporting its teams and players with a record-high salary cap. On Monday, the NFL announced that the league would raise its salary cap from $208.2 million to $224.8 million per team, which is a significant increase for teams to allocate for their rosters. This news was first reported by NFL insiders Ian Rapoport and Tom Pelissero.

Positive Impact for the Las Vegas Raiders

The Las Vegas Raiders are one of the teams that will greatly benefit from the raised salary cap. Currently, the Raiders have just over $20 million in cap space and are expected to have around $52 million after releasing quarterback Derek Carr. This would place them third in the league for available cap space, behind the Chicago Bears and the Atlanta Falcons.

More Room for Growth

The NFL expects the salary cap to continue growing in the future, with the $16.6 million increase marking the league’s highest ever. This gives teams even more flexibility to build and maintain strong rosters, ultimately leading to a more competitive and exciting league.

Key Deadlines to Remember

While the raised salary cap provides teams with more opportunities, it also brings important deadlines that teams need to adhere to. The deadline for teams to be under the salary cap is set for 4 PM EST on March 15, 2023. The 2023 NFL Draft will be held from April 27-29 in Kansas City, MO, and the NFL Scouting Combine is set for February 28-March 6, 2023, in Indianapolis, IN.

The March 7th deadline for teams to designate Franchise or Transition Players, followed by the free agent negotiation period from March 13-15, are other important dates for teams to keep in mind. During this time, clubs are permitted to contact and negotiate with certified agents of players who will become Unrestricted Free Agents upon the expiration of their 2022 Player Contracts.

In conclusion, the raised salary cap is a big step in the right direction for the NFL. It provides teams with more resources to build and maintain strong rosters, which leads to a more competitive and exciting league. Teams must also keep in mind the important deadlines as they navigate the off-season and build their rosters for the 2023 season.

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