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2016 NFL Free Agents Set All-Time Record for Guaranteed Money: Details, Reaction
- Updated: April 19, 2016
With increased revenue and a higher salary cap, NFL free agents are earning more money than ever before.
According to a release by the NFL Players’ Association, teams have spent a record $1,026,095,000 on 338 signings to this point. The players signed include 236 unrestricted free agents, 20 restricted free agents and 82 considered to be “other” free agents.
The NFL’s salary cap has been increasing exponentially the last four years as television money continues to grow. The league is projected to earn $13.3 billion in 2016 revenue, with the salary cap this year hitting a new record of $155.27 million, according to NFL Insider Ian Rapoport (h/t Austin Knoblauch of NFL.com).
It also helps that teams had a lot of available money to spend. Per NFL.com’s Conor Orr, before free agency started, five teams had at least $49 million in cap space with the Jacksonville …
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