The salary-cap ceiling for 2022 is $208.2 million and the Steelers are projected to have ample space
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The NFL and the NFL Players Association have agreed to a salary-cap ceiling of $208.2 million per team for the 2022 season, according to Dan Graziano of ESPN.
The 2021 salary cap is already set at $182.5 million per team, which is about $16 million less than the 2020 cap, as it was greatly reduced because of the COVID-19 pandemic and stadiums being empty or not at full capacity.
Graziano notes that it's possible that the league's 2021 revenue projections end up being low, since they may not have factored in the possibility of full stadiums all year, and the league now says full stadiums are the expectation. If the revenue-based 2022 calculations call for a cap higher than $208.2 million, then any excess revenue will be used to pay back the roughly $17 million in 2020 player benefits that were canceled as a result of the pandemic.
According to Mark Kaboly of The Athletic, the Steelers currently have about $131 million worth of contracts for the 2022 season, which is $77 million of cap space as of today. T.J. Watt and Minkah Fitzpatrick should get massive deals done before the 2022 opener, but the Steelers should be in a good position cap-wise anyway.