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It is easy to forget OTC and sportrac already estimate what the new salary cap will be beforehand. That money was already accounted for.
You can't assume the cap will continue to rise forever either, there will be a peak. The more people that stream from home, etc can and will have an effect on this as well. The Chiefs in fact have 1 million less than was expected.
Another thing that is easy to forget is Sportrac and OTC go off the top 51 contracts. However that is not a true reflection of cap space either. At the start of the season every penny must be accounted for that was paid out to players.
If the Chiefs have 8.7 million in cap space, they must also roughly save around 5 million for the rookie pool, and another 2 million for in season signings for when others players go to IR etc. They are going to need to create more cap space which Foles will be the one to offer up via his declined option.
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