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NFL Sets Salary Cap at $120.6 Million
Kareem Shaker
New York, NY
The NFL salary cap for 2012 has been set at $120.6 million, just above last year's figure of $120 million.
The league informed the 32 teams of the new cap number. All teams must be under the cap, when free agency begins.
The values for restricted free agent designations and franchise tenders have also been set. The regular restricted free-agent tender is $1.26 million, while a second-round tender is $1.927 million. The first-round tender amount is $2.742 million.
Unrestricted free agents can sign with teams starting Tuesday through July 22 or the opening day of the first training camp, whichever is later.
Restricted free agents have until April 20 to sign while players hit with the Franchise Tag will have to sit out the season if they have not signed by Nov. 13.
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