Let the overspending officially commence.
Well, it'll actually be another week before free agency kicks off, but NFL clubs were notified Monday evening that the 2018 salary cap has been set at $177.2 million, NFL Media's Mike Garafolo first reported.
That's a $10 million jump from the 2017 number ($167 million) but not quite the spike that we saw from 2016-17, when it went up more than $12 milion.
The figure is negotiated by the NFL and NFLPA.
The 2018 league year, which begins March 14, marks the second year of the four-year rolling average in which clubs must spend a cash minimum of 89 percent of the cap and the league-wide cash minimum must meet 95 percent of the total cap amount.