Salary cap increase will come as a relief for some teams.
The NFL delivered some good news to teams on Thursday, when they announced that the salary cap would be increased ahead of the 2013 season.
According to Chris Wesseling of NFL.com, the league notified all teams that the cap would be up from the $120.6 million set last year, to $123 million this year.
Teams around the league have until March 12 to be in compliance with the new number, while it is certainly likely to come as a small relief to certain franchises struggling to get under the cap.
While teams were expecting the figure to remain around the same level, the increase is said to be the result of higher revenues from last season.
Despite effectively only being a $2 million difference though, teams such as the Pittsburgh Steelers will welcome any sort of relief as they scramble to make it under by the deadline.
The league played with no salary cap back in 2010, before it rose to $120 million in 2011. The cap was raised further by the league in 2012 to $120.6 million
For those already under or on a level playing field with the cap, it will allow them to strengthen their roster further whether through draft picks or locking-in restricted free agents.
However, for those still struggling, they will have continue to renegotiate deals with their players to ensure they don’t fall foul of the new restrictions.