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The NFL salary cap is rising again this offseason as the league benefits from adding a 17th game and new media deals. The league’s 32 teams will see a $16.6 million increase from 2022’s $208.2 million salary cap.
Despite $224.8 million to work with this offseason, the Miami Dolphins are currently $16 million over the cap. To get under the cap, the team may decide to restructure the deals of a handful of players like Tyreek Hill, Terron Armstead, and Bradley Chubb.
That said, 28 players from last year’s team are scheduled to become free agents, including the entire running back room.
Teams have until 4 p.m. ET on March 15 to be under the salary cap before free agency officially begins.
It’s been a busy start to the week as the NFL also informed teams of the franchise tag numbers for 2023.
Franchise Tag Numbers:
- quarterback: $32,416,000
- running back: $10,091,000
- wide receiver: $19,743,000
- tight end: $11,345,000
- offensive line: $18,244,000
- defensive end: $19,727,000
- defensive tackle: $18,937,000
- linebacker: $20,926,000
- cornerback: $18,140,000
- safety: $14,460,000
- kicker/punter: $5,393,000
Miami used the franchise tag on Mike Gesicki in 2022, and due to limited cap flexibility this offseason, it’s unlikely the Dolphins will use it again this offseason.
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