- The NFL has lowered the league’s salary cap from $198.2 million to $182.5 million.
- A lower salary cap could have an effect on certain teams Super Bowl odds.
NEW YORK - The NFL has announced on Wednesday that they are lowering the salary cap for all teams in the league by around $16 million from $198.2 million down to $182.5 million.
Last year’s cap: $198.2 million.
This year’s cap: $182.5 million.
— Adam Schefter (@AdamSchefter) March 10, 2021
With the salary cap being lowered, there are many things that can be affected by this. From a betting standpoint, the major thing that could see an impact here would be certain teams Super Bowl odds.
For example, the Green Bay Packers, Seattle Seahawks, and Tampa Bay Buccaneers could all see major impacts from this.
Odds To Win Super Bowl LVI
- Kansas City Chiefs +480
- Tampa Bay Buccaneers +650
- Green Bay Packers +1100
- Buffalo Bills +1300
- Los Angeles Rams +1300
- San Francisco 49ers +1500
- Baltimore Ravens +1800
- Cleveland Browns +2000
- Dallas Cowboys +2500
- Indianapolis Colts +2500
- New Orleans Saints +2500
- Seattle Seahawks +2500
- Arizona Cardinals +2800
- Miami Dolphins +3000
- Los Angeles Chargers +3300
Starting with the Green Bay Packers, they have already been hit hard with this news as they decided not to use their franchise tag on their star running back, Aaron Jones. The Packers are already $10.6 million over the salary cap as it is and a franchise tag on Jones would have cost them $8 million more in which they cannot afford at this time.
With that said, all signs are pointing to Aaron Jones signing elsewhere in free agency which will take a huge hit on the Packers Super Bowl odds which are the third shortest right now. Jones was a crucial piece to their success as he recorded his second straight 1,000+ yard season and has nine touchdowns to go along with that. If Jones does leave, the Packers odds could make their way down.
The Seattle Seahawks are in a different situation than the Packers are as they actually have about $20.6 million in cap space, however, they did not use their franchise tag on either their RB1 Chris Carson or their Pro-Bowl defensive back, Shaquill Griffin.
Although the Seahawks have the money to work with both players, they have a bigger issue on their hands which is Russell Wilson, who has been linked to numerous trade rumors after expressing his discomfort with the organization. What the Seahawks could be doing is using that money to look for immediate help for Wilson instead. If they did that, they would not be able to afford Carson nor Griffin.
Letting Carson walk would certainly force a shift in their odds, but Griffin, on the other hand, will 100% force their odds to shift even further. With the Seahawks defense being one of the worst this season, Griffin was one of the only bright spots on their secondary. Without him, it opens up plenty more opportunities for opposing offenses.
Tampa Bay Buccaneers
Of all the teams in the NFL, the Tampa Bay Buccaneers are seen to be the most affected by the decision to lower the salary cap as they have yet to re-sign all the pieces from their Super Bowl winning team. They have not re-signed guys like Antonio Brown, Rob Gronkowski, Leonard Fournette, or Shaquil Barrett.
Something else to take note of is that the Buccaneers have already used their franchise tag to retain their star wide receiver in Chris Godwin and they are also sitting $5.5 million over the salary cap as it is. With that said, something is going to have to give as they will not be able to bring back everyone.
Knowing this, the Buccaneers Super Bowl odds could be in trouble and could fall out of the second shortest odds.
BettingSuperBowl.com may receive a commission from any purchases you make through link on our site. This enables us to offer you the best free content and news about Super Bowl Betting.
Samuel has been writing professionally for 4 years. He comes from a sports writing background where he enjoys writing mostly about basketball and football both professional and collegiate. He is a recent graduate of Florida State University where he majored in Editing, Writing and Media with a minor in Communications. During his free time, you can find him watching or playing sports as well as playing videogames and listening to music.