At the end of January, the NFL revealed that the 2023 salary cap would come in at $224.8 million, an increase of $16.6 million from what it was in 2022, which was particularly good news for the cash-strapped Titans.
But that wasn’t the final number for Tennessee and the rest of the teams in the league, as normal year-end adjustments, including incentives, roster bonuses, carryover cap space and other things were not factored into that total.
On Monday, the NFL finalized the exact amount each team will have to work with in total this coming season, and the Titans come in at $230.89 million, the 11th-highest total in the league and an increase of roughly six million from the default salary cap figure.
The NFL has finalized its year-end club adjustments, which factor in incentives, roster bonuses, carryover cap space, etc. That figure was then added to or subtracted from $224.8M to determine each team’s adjusted cap number for 2023.
A look at each team’s adjusted cap number: pic.twitter.com/sxbs04nXE6
— Field Yates (@FieldYates) March 6, 2023
With that adjusted figure, combined with the expected release of Bud Dupree, the Titans now have $23.5 million in cap space, per Spotrac.
The adjusted number does little to put a dent in the Titans’ cash-flow issue, but that won’t matter if Tennessee decides to blow it up and rebuild, something that is possible at this point.
The good news is, whether or not the Titans decide to rebuild this offseason they are set to be flush with cap space in 2024, with that number currently estimated to be $139.3 million.
Of course, that can certainly change between now and then depending on what actions Tennessee takes in 2023.
