All 32 NFL teams received some great news today. The league's salary cap just jumped to $177.2 million from 2017's $167 million.
This is the fifth consecutive bump by at least $10 million in the past five years, resulting in a 40 percent increase since 2013, according to SB Nation. The franchise tag numbers have also been released:
This is extra wiggle room for a league that hasn't been as quick to hit the cap in recent years. According to The Ringer, 13 teams had $5 million in residual cap space during the 2014 season while the remaining 19 were near the spending limit. In 2016, 23 teams had $5 million or more to spend.
The salary growth will probably lead to more record-breaking deals. In February, Jimmy Garoppolo snagged a $27.5 million per year contract with the San Francisco 49ers, which made him the NFL's highest-paid player.
