2023 Biggest Spenders in NFL
2023 Biggest Spenders in NFL
In the NFL offseason, it’s always intriguing to analyze the financial aspects of the game, including each team’s salary cap situation and the biggest spenders. This article provides an overview of the current salary cap situation for every NFL team and highlights the notable spenders in the 2023 offseason. By examining these financial figures, we can gain insights into how teams are positioned to make roster moves and investments for the upcoming season.
Examining the NFL Offseason: Salary Cap and Spending Updates
As we enter the OTA phase of the NFL offseason and quickly approach preseason football, it’s worth taking a moment to reflect on the dramatic offseason that has unfolded. Several teams, such as the New York Giants and Baltimore Ravens, made significant moves to improve their rosters with big-money signings and extensions. Meanwhile, other teams, like the Los Angeles Rams, shed assets that no longer fit their plans.
Now that June has arrived, it’s a good time to examine which teams still have a significant amount of money available and which ones have spent the most dollars thus far.
Here is a breakdown of each NFL team’s latest cap situation as of Friday, June 2, with all NFL salary cap and spending information sourced from Over The Cap.
The Bears on Top of the League in Cap Space
The Bears started off free agency with the most available cap space and somehow, they still remain on top. General Manager Ryan Poles has done a great job setting the Bears up for success moving forward. They signed linebackers Tremaine Edmunds and T.J. Edwards, offensive guard Nate Davis, running back D’Onta Foreman, and tight end Robert Tonyan, making both splashy and underrated signings.
Panthers Spending Big in Free Agency
The Panthers are sitting at No. 2 with some noteworthy additions, including Adam Thielen, Miles Sanders, Vonn Bell, Hayden Hurst, and Shy Tuttle. Adding a top remaining free agent could help out No. 1 overall pick Bryce Young.
DeAndre Hopkins’ Next Move is Unknown
DeAndre Hopkins was recently released from his former team, and it’s unknown what he’s looking for in his next team. The veteran wideout has yet to decide if he wants to ring-chase with a team like the Chiefs or Bills that doesn’t have much cap space or go for a decent team with the ability to pay him, like the Patriots or Lions.
Struggling Teams with Low Cap Space
The Buccaneers have just $401,791 to make moves, making them last in the league in cap space. Kansas City and Buffalo are struggling as well, rounding out the bottom three.
Free Agency Spending Rankings
Let’s take a look at the teams that have spent the MOST money in free agency for the current season:
Ravens’ Impressive Offseason
The Ravens have made significant moves during the offseason. Let’s take a look at their key acquisitions and notable contracts:
Odell Beckham Jr. Signing
- One-year deal worth up to $18 million
Lamar Jackson’s Contract Extension
- Five-year deal worth $260 million
- Includes $185 million guaranteed
- Jackson becomes the highest-paid player in NFL history with an Annual Average Value (AAV) of $52 million
Giants’ Free Agency Moves
The Giants, led by head coach Brian Daboll and GM Joe Schoen, have been active in free agency. Here’s a highlight of their key move:
Daniel Jones’ Contract Extension
- Four-year extension worth $160 million
Broncos’ Busy Offseason
Head coach Sean Payton and the Broncos have made several notable signings. Here’s a breakdown of their key acquisitions:
Mike McGlinchey Signing
- Five-year deal worth $87.5 million
- Right tackle position
Ben Powers Signing
- Four-year deal worth $51.5 million
- Guard position
- Formerly with the Ravens
Zach Allen Signing
- Three-year deal worth $47.75 million
- Defensive end position
- Formerly with the Cardinals
These signings address the Broncos’ need for upgrades, particularly in the offensive line.
Packers and Rams’ Minimal Spending
On the other hand, the Packers and Rams have not made significant moves in free agency. Here are their respective situations:
Packers’ Free Agency Moves
- Largest contract given to Matthew Orzech, a long snapper
- Three-year deal worth $3.65 million
Rams’ Free Agency Activity
- The Rams have not made any notable moves during free agency
Please note that the information provided above is based on the latest available data, and further moves in free agency may have occurred since then.