NFL teams will have $36.5 million to spend on player salaries in the 1995 season, an increase of $2 million, NFLPA executive director Gene Upshaw.
The new salary cap does not include $4.9 million teams have to spend on player benefits. Upshaw cautioned the numbers are likely to go up after accountants review the NFL’s revenue estimates for 1995.
Player salaries in 1995 are set at 63 percent of gross NFL revenues, according to the 1993 collective bargaining agreement. The portion drops from 64 percent in 1994, but the cap figure increased because revenue projections are up from last year. The new numbers are based on revenue projections of $1.62 billion for the 28 teams.
The minimum salary for rookies goes from $108,000 to $120,000; the veteran minimum increases from $162,000 to $178,000.
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