The Tampa Bay Buccaneers now know how much money they’re working with as the NFL announce Wednesday morning the 2021 salary cap has been set at $182.5M.
Down from $198.2M in 2020, the Bucs themselves have even less after losing nearly half a million dollars in cap rollovers.
That figure comes courtesy of Field Yates.
The NFL has finalized its club adjustments/carryover for the 2021 league year. The amount for each team is added to league wide salary cap and serves as each team's adjusted cap #.— Field Yates (@FieldYates) March 4, 2021
E.g.: if the cap is set at $180M, the Browns will have a league-high adjusted cap of $209,409,691. pic.twitter.com/m7Shr9eX01
This means the Buccaneers’ 2021 cap limit sits right above $182M while some other teams, like the Cleveland Browns, will have a higher number.
What this news also does is solidify Chris Godwin’s franchise tag value, which had been widely projected to be right around $16M.
Turns out we weren’t far off, as Godwin will earn $15.983M on the franchise tag, according to NFL Network’s Tom Pelissero.
Final franchise tags values based on the $182.5 million salary cap: pic.twitter.com/xw1Ch1lKf0— Tom Pelissero (@TomPelissero) March 10, 2021
For more news, reaction, and analysis, come back to Bucs Nation as we continue to deliver and digest all the breaking news. More to come as all eyes turn towards other big names like Shaquil Barrett and Ndamukong Suh, with the new league year just one week away.