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Salary cap officially set at $155.27 million

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Yes, we knew this already. But now we officially know it.

The National Football League Players Association has confirmed that the 2016 NFL salary cap will be $155.27 million. We previously wrote that the New York Giants are more than $57 million under that figure.

Below, the franchise and transition tag amounts for the upcoming season. The Giants would seem unlikely to use either tag.

2016 Franchise Tag:

Cornerback

$13,952,000

Defensive End

$15,701,000

Defensive Tackle

$13,615,000

Linebacker

$14,129,000

Offensive Lineman

13,706,000

Punter/Kicker

$4,572,000

Quarterback

$19,953,000

Running Back

$11,789,000

Safety

$10,806,000

Tight End

$9,118,000

Wide Receiver

$14,599,000

2016 Transition Tag:

Cornerback

$11,913,000

Defensive End

$12,734,000

Defensive Tackle

$10,875,000

Linebacker

$11,925,000

Offensive Lineman

$11,902,000

Punter/Kicker

$4,123,000

Quarterback

$17,696,000

Running Back

$9,647,000

Safety

$9,116,000

Tight End

$7,713,000

Wide Receiver

$12,268,000