NFL | Cap set at $94.5 million Published Wed Mar 1 10:19:00 p.m. ET 2006 (KFFL) The Associated Press reports the NFL has set the salary cap for the 2006 season at $94.5 million. League owners will meet in New York on Thursday, March 2, in an attempt to work out a new collective bargaining agreement. A new CBA could add anywhere from $10 million to $15 million to the salary cap. Teams also have an additional six hours to terminate contracts and request waivers on players. The original deadline was set for 4 p.m. EST on Thursday, March 2, but has now been pushed back to 10 p.m.