The NFL’s salary cap will be $224.8 million in 2023, an increase of $16.6 million.

The league informed teams of the new cap figure on Monday in a memo obtained by The Associated Press.

Overall, the cap is up $42.3 million from 2021, when it was at $182.5 million after the 2020 covid-19 pandemic caused a decrease of nearly $10 million.

Teams must be under the cap by 4 p.m. March 15.

Quarterbacks will have the highest franchise tag cost at $32,416,000 followed by linebackers at $20,926,000, wide receivers at $19,743,000 and defensive ends $19,727,000.

The remaining franchise tag numbers are:

Running back: $10,091,000

Tight end: $11,345,000

Offensive linemen: $18,244,000

Defensive tackle: $18,937,000

Cornerback: $18,140,000

Safety: $14,460,000

Kicker/punter: $5,393,000

The transition tag for quarterbacks is $29,504,000. The remaining transition figures by position are:

Running back: $8,429,000

Wide receiver: $17,991,000

Tight end: $9,716,000

Offensive linemen: $16,660,000

Defensive end: $17,452,000

Defensive tackle: $16,068,000

Linebacker: $17,478,000

Cornerback: $15,791,000

Safety: $11,867,000

Kicker/punter: $4,869,000

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