In what was thought o be around $121 million, the NFL salary cap has been set at $123 million for the 2013 season, much to the relief of some cap-strapped teams, reports Ian Rapaport of the NFL.com.
The jump gives just a bit more wiggle room for some teams, but it's the little things that count in the long run. There will also be a per team minimum salary benefit of $900,000, making total compensation at $123.9M per team.
The increase was the result of better-than-expected revenue for the league last year.
The new league year will start March 12th.