Officially, the NFL’s salary cap has risen nearly $100 million per team over five seasons. In 2021, it was $182.5 million. On Thursday, the league and NFLPA agreed to a $279.2 million cap for the 2025 season. This is the quickest increase since the NFL implemented the system in 1994.
According to Green Bay Packers cap analyst Ken Ingalls, the Packers have $45.3 million in cap space available on paper today. This does not include the nearly $6 million that could be cleared with a trade or release of cornerback Jaire Alexander, who is reportedly on the trade block.
After cutdowns, when offseason 90-man rosters turn into 53-man rosters, the Packers’ salary cap number would be $44.4 million, as it stands today. If you include the cap hits for the draft selections that Green Bay owns at the moment, that number drops to $41.7 million.
Those are the numbers to keep in mind, as it relates to the Packers’ salary cap this year. Now, Green Bay will have to pay out their 16-man practice squad and their injured reserve players with the same salary cap, so Ingalls projects the “effective sap space” to be $28.7 million going into the 2025 season.
Again, that does not include any potential cap casualties or contract restructures. If the Packers do nothing with the rest of their roster, that ballpark of $29 million can be used on prorated signing bonuses for players that Green Bay wishes to extend this offseason and/or the cap hits of new free agent signings.
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