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2017 NFL salary cap set at $167 million

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The teams now know how much they have to spend in 2017

NFL: Preseason-New York Giants at New York Jets Vincent Carchietta-USA TODAY Sports

One of the big questions surrounding every franchise every year is “how much can we (they) spend?” That answer to that question is usually a simple matter of arithmetic to subtract how much money they have committed from the total salary cap. That is how much cap space any particular team has.

Of course, that question can’t be answered until the teams know what the salary cap will be for the coming year. With the start of the new league year approaching, the NFL has announced the salary cap for 2017 at $167 million. While that might be lower than some are expecting, it is still better than $12mil higher than the $155.27 million salary cap of 2016. Since the current CBA was negotiated in 2011, the cap has risen $47 million from the $120 million cap that year.

With an additional $1.8 million rollover in cap space from the previous year, the New York Giants’ individual salary cap is $168.8 million. After signing Zac DeOssie to a two- year extension and placing the franchise tag on Jason Pierre-Paul, the Giants have roughly $16.95 million in cap room (per SpoTrac).

The Giants are now racing against the clock to work out a long-term deal with JPP to bring that cap number down, and give themselves more bargaining (and spending) power when free agency starts on March 9th.