GREEN BAY, Wis. – The NFL salary cap reportedly was set at $182.5 million on Wednesday, a bitter disappointment for agents who even on Tuesday spoke hopefully that the cap would wind up between $185 million and $190 million.
Teams must be beneath that figure when the league-year starts on March 17. Unofficially, the Packers are about $9.68 million over the cap, according to OverTheCap.com, $8.35 million over the cap, according to Sportrac, and $9.39 million over the cap, according to Ken Ingalls.
While the situation sounds dire, one agent said Russ Ball, the Packers’ executive vice president/director of football operations/cap guru, could get the team under the cap “in about 2 hours” with simple contract restructures.