National Football League officially sets 2019 salary cap at $188.2 million

The NFL and the players association are nearing an agreement on the 2019 salary cap

The NFL and the players association are nearing an agreement on the 2019 salary cap

The NFL's salary cap for 2019 has been finalized at $188.2 million per team, up from $177.2 million last year and marking the sixth consecutive year it has grown by at least $10 million.

It has been made known over the past two offseasons that the Colts prefer to build major pieces through the draft while adding depth during free agency.

Bledsoe agrees to four-year extension with Bucks
The Bucks are now 48-14 and two-and-a-half games ahead of the Toronto Raptors for top spot in the Eastern Conference. ESPN reported the buyout will guarantee the 7-foot playmaker $6.7 million of his $16 million salary next season.

According to ESPN, this marks the sixth straight year that the National Football League has seen a salary cap increase of $10 million or more. This year, it's increased by $11 million, meaning every team will have an additional $11 million to allocate toward player contracts. First introduced at $34.6 million in 1994, it's the highest it's ever been entering 2019, as the National Football League projected earlier this offseason.

In the metric that counts most for the league - revenue - business is booming, as evidenced by the league's new salary cap. The league is now in the third year of the second of those four-year windows and, according to the NFLPA, only four teams are now under that 89 percent threshold - the Dallas Cowboys, Buffalo Bills, Indianapolis Colts and Houston Texans. They can free up about $22 million by cutting Michael Brockers, Mark Barron and John Sullivan if they want, as well.

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