Packers’ salary cap update as 2023 free agency nears
While free agency doesn’t officially begin for another nine days, the Green Bay Packers will be able to negotiate deals with free agents on other teams a week from today.
Before then, they may agree to new deals with their own free agents, and will hopefully get an answer from Aaron Rodgers on his future.
With free agency nearing, here’s an update on the Packers’ salary cap situation.
How much cap space do the Packers have in 2023?
Green Bay recently made some moves to get under the salary cap. Jaire Alexander, Aaron Jones, Preston Smith, and Kenny Clark all had their contracts restructured, creating cap space in the short term by pushing money into future years.
So, where does this leave the team in salary cap space?
According to Over The Cap, the Packers have $17.53 million in cap space as things stand. They rank 11th in the NFL for cap space.
They could, of course, create even more. Restructured contracts, releasing players, or even contract extensions could help add even more cap space in 2023.
What we don’t yet know is how the team plans to use it.
Some will go on the upcoming draft class, but the team will also need cap space for free agency.
That includes any of their own free agents they plan to sign to new deals in the next couple of weeks.
After making a number of moves in recent weeks, Green Bay is comfortably under the 2023 salary cap and now has the flexibility to potentially make a couple of moves in free agency.
What will be interesting in the coming days and weeks is any further moves the Packers make to create cap space. Aaron Rodgers’ future could also have an impact.
For now, the Packers are in a comfortable position with over $17 million in cap space.