EricVega/iStockBy CARMEN COX, ABC News
(NEW YORK) — The NFL and the NFL Players Association have reached an agreement on team salary caps. On Wednesday, the league and its players’ union agreed to cap each team’s salary at $182.5 million in 2021 — down 8% from last season, according to a memo obtained by ESPN.
In previous years, teams saw increasing salary caps as league revenues continued to rise. But as the COVID-19 pandemic forced city and statewide lockdowns, game attendance fell by 92% and caused a decline in 2020 revenues.
Teams must comply with the new salary cap limits by next
