|AP Source: Salary cap increases to $123 million|
|Written by Admin|
|Thursday, 28 February 2013 14:01|
The official spoke to the AP on condition of anonymity Thursday because no formal announcement had been made.
The increase is a result of greater-than-expected revenues last season - primarily from NFL Properties - and a jump in projected league revenues, according to the official.
The league and the union work together to establish a cap number, based on parameters established under their collective bargaining agreement. The current 10-year CBA was signed in August 2011, ending the owners' lockout of the players.