The NFL finally figured out the 2012 salary cap figure. There had been some issues related to the increased cost of benefits and the corresponding impact on salaries, but after some number crunching, the 2012 salary cap will be $120.6 million, as initially reported by Jay Glazer. The figure is only a slight increase from last year's $120.375 million salary cap figure.
All of the projections we have heard were based on a number similar to last year's cap, and that is panning out. The most recent figures for the 49ers were from Matt Maiocco after the Ahmad Brooks signing in which he indicated the 49ers were approximately $23 million under the cap. This did not factor in draft picks, potentially releasing or trading Shawntae Spencer, among other things. The 49ers have since signed Will Tukuafu to a basic two-year deal for the league minimum so that makes a slight impact on the numbers.
And with that, league business can get going on Tuesday at 1:00 p.m. PT. This is the first time in a long time that the cap did not increase by any significant amount. Prior to the lockout the cap increased fairly significantly each year. Smart fiscal policies will rule the day under the new cap.