On Friday, the NFL made additional information about contract figures and the salary cap available. Teams will therefore be aware of the funds they have set aside for future free agency.
When free agency opens in March, general manager Brad Holmes of the Detroit Lions is anticipated to have about $55 million to spend. They also found out how much it will cost to exercise offensive tackle Penei Sewell’s fifth-year option.
The NFL bases the price of fifth-year options on a player’s success during their first three years of the contract. Players who are selected for the Pro Bowl are eligible for higher compensation.
Option holders in the first round of the NFL Draft are able to exercise their fifth-year rights.
Sewell is eligible to receive $19.04 million since he was chosen for one Pro Bowl. Although he was chosen an alternate in 2022, he has played in two Pro Bowls.
Since joining the league as Detroit’s seventh overall pick in 2021, the Oregon product has been explosive. He was named to the Pro Bowl and made the first team of the All-Pro in 2023.
