- The NFL saw its first annual salary cap reduction in a decade.
- The cap went from $198.2 million in 2020 to just $182.5 million for this year.
- A handful of veterans have been cut due to the new financial restrictions.
- Visit Insider's homepage for more stories.
The NFL suffered a salary cap reduction this offseason for the first time since 2011, as it shrunk from $198.2 million in 2020 to just $182.5 million this year.
The reduction came as no surprise, as the COVID-19 pandemic dug deeply into the NFL's revenue by harshly restricting fan attendance and causing overall economic turbulence that's put the league in an unfamiliar place in terms of finances.
With teams now scrambling to get under the new cap, a handful of highly-paid veterans have been, in essence, laid off due to the financial restrictions.
Here's a look at some of the players so far who are now looking for a new job after being a casualty of the league's reduced cap:
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March 13, 2021 at 02:31AM
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Big names in the NFL are suddenly looking for new jobs because of a 'bloodbath' from a shrinking salary cap. - Insider
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