The past year has been very unique for the NFL, from an offseason devoid of team activities at facilities to no preseason to most games being played in empty stadiums. One of the impacts of the lack of preseason games and the empty seats during games was, of course, a significant revenue drop for the league. That revenue drop could have resulted in a sharp decline in the salary cap had the owners not agreed with the players to spread the impact of the decrease out over multiple seasons, and now exactly how impacted the cap will be is known.
Teams are now being informed: The cap is $182.5M.— Ian Rapoport (@RapSheet) March 10, 2021
With the cap officially set at $182.5M, the Seattle Seahawks will have in the ballpark of $20M in gross cap space based on the 47 players currently under contract for 2021. Some of that space will disappear in the coming days as the team extends tenders to their own exclusive rights free agents and potentially to their restricted free agents like Poona Ford. Those tenders are likely to take up only around $4M of cap space, leaving the team with somewhere around $16M at its disposal in free agency after having released Carlos Dunlap earlier this week.