Bears salary cap 2023

October 31, 2022

Bears salary cap 2023

Kevin Sabitus/Getty Images

The Chicago Bears are stocking up on picks for the 2023 draft.

After trading veteran defensive end Robert Quinn to the Philadelphia Eagles last week and star linebacker Roquan Smith to the Baltimore Ravens on Monday ahead of the Nov. 1 deadline, the Bears have accumulated an impressive amount of draft capital:

Adam Schefter @AdamSchefter

Both picks are in 2023, so the Bears now have added three picks in return for Roquan Smith and Robert Quinn. https://t.co/NgkdUttaVK

Field Yates @FieldYates

Bears 2023 draft picks:
1st round (own)
2nd round (own)
2nd round (Ravens)
3rd round (own)
4th round (own)
4th round (Eagles)
5th round (own)
5th round (Ravens)
7th round (own)

Plus over $100M in salary cap space to upgrade the roster.

The Bears are also set to have incredible flexibility from a financial perspective next season, with a long-term deal for Smith now off the table. Per Spotrac, they are projected to have around $121.7 million in cap space. While their draft picks will eat into that figure, it still will allow them to be aggressive in free agency if they choose to go that route.

The Bears aren't going to see much of a change to their 2022 payroll bill, however:

Adam Schefter @AdamSchefter

Roquan Smith was owed $5.408 million for the rest of the season. As part of today’s trade agreement between Chicago and Baltimore, the Bears are paying Smith $4.833 million while the Ravens are paying him $575,000 for the rest of the season, per sources.

It's clear the 3-5 Bears are embracing a full rebuild around young quarterback Justin Fields, with first-year head coach Matt Eberflus and general manager Ryan Poles being given the draft equity to put their own stamp on the team.

That process began this offseason, when the Bears traded superstar edge-rusher Khalil Mack to the Los Angeles Chargers. And it's continued in earnest ahead of Tuesday's 4 p.m. ET trade deadline.

JP Finlay @JPFinlayNBCS

Ravens not messing around. And on the opposite end, I think the Bears are smart. Not going anywhere and maximizing assets

Sam Monson @PFF_Sam

Bears cashing in on Roquan Smith is smart given where they are in this rebuild.

Last piece of significant value, and it makes no sense for them to commit big money to him given position and where the rest of the roster is.

Get what you can and use it for the future.

Ian Wharton @NFLFilmStudy

Bears have done a great job getting assets back for their guys. Sucks to lose Roquan but it was clear they didn't want to pay him.

Ravens got better today at the cost of tomorrow. Their defense will be fun to watch with him though. https://t.co/3Br9mallGT

Tom Fornelli @TomFornelli

I love Roquan Smith, and the Bears defense is going to fall further off the cliff without him. But he's an off-ball linebacker, and that's not something worth investing major money into in today's NFL. So getting two picks for him when you were likely letting him walk is good.

Granted, accumulating draft assets is great in theory but can fall flat if you don't make the correct selections. Players like Smith don't grow on trees.

But it's clear Chicago isn't ready to contend, and committing big money to Smith wouldn't have fit the team's timeline. From that perspective, dealing him now rather than risking the possibility of losing him in free agency for nothing made sense.

The Bears certainly have the assets and financial flexibility to dramatically rebuild their roster this offseason.

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Throughout the offseason, the Chicago Bears have raised a bunch of eyebrows -whether it was for fair reasons or not- regarding how the team approached player acquisition and roster construction during the offseason.

It all started with the Khalil Mack trade and went from there. But many didn’t realize the limitations the Bears faced. They had a solid amount of cap room, but not many draft picks. Just five total, actually, that included no first- and fourth-rounders.

There were also so many holes on the roster, it was impossible to solve everything in one offseason. Therefore, Ryan Poles and Matt Eberflus had to make shrewd, judicious decisions.

Only time will tell if those decisions pan out. But the one item that doesn’t require time in order to achieve validation is the fact the Bears are set up to make a huge splash in 2023 if they choose to do so.

Right now, per Over The Cap, the Bears lead the NFL with a little more than $106 million in 2023 cap space. They also have all seven draft picks.

And, not to mention a head coach who has a logical philosophy when it comes to building a roster.

Eberflus is aware of the situation he walked into, but his mindset is what could help the Bears become competitive at a quicker pace than most initially thought.

“You gotta just build your best football team you can this year,” Eberflus told reporters Tuesday. “And that’s really what we did with that last organization [in the Indianapolis Colts]. We just said ‘Hey, we’re going to build the best roster that we can this year with the players we covet on our football team and then go from there.'”

Next year has the Bears sitting pretty in terms of how they can navigate the offseason. They have plenty of money to not only re-sign key players (David Montgomery, anyone?), but also bring in anyone they so desire. And, they have a full arsenal of draft picks.

They can build a foundation this year, which is something that’s been talked about on a very frequent basis, then add whatever they want to add next year. The amount of resources can easily make the Bears a competitive team. Especially if they find some key building blocks in 2022.

In other words: Eberflus is going to have plenty of resources at his disposal when it comes to building the best team he can next year. Which, not only provides a completely different direction than what this past offseason provided, but it also provides a new direction for the franchise to take, as a whole.

You can check out Eberflus’ full presser, below:

Featured image via Matt Marton-USA TODAY Sports

Who has the most NFL cap space 2023?

The Chicago Bears are No. 1 with an astounding $110.8 million of projected room under the cap.

What will the salary cap be in 2023?

Both figures — $134 million for the salary cap in 2023-24, $162 million as the tax level — would set records. The cap is expected to rise 8.4%, and the tax level will rise 7.8% over this season.

How much cap space will the Falcons have in 2023?

After spending years in salary cap hell, the Falcons will have some serious cash to spend when the 2023 offseason rolls around. According to Over The Cap's projections, the team is slated to have around $74 million in cap space next year.

What is the NFL salary cap for 2022 2023?

The salary cap is set at $208.2 million, this season's non-adjusted maximum for NFL teams.