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Front Office Sports - The Memo

Afternoon Edition

July 29, 2026

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Record compensation levels continue to proliferate in the NFL as teams take advantage of a $301.2 million salary cap that rose 8% from 2025 and set a new league milestone. 

—Eric Fisher

First Up

  • FOS announced longtime American Ninja Warrior host and comedian Matt Iseman will host our nightly news show Front Office Sports Tonight, set to launch Sept. 14.
  • First at FOS: The Seattle Storm issued a statement apologizing for a co-owner’s comments to two Sophie Cunningham fans during Tuesday night’s game.
  • YES Network and MSG Networks are leaving the Gotham app, which will shutter, to take their local game streaming to DAZN.
  • Ole Miss is suing two former football players who transferred to LSU, claiming they owe the school nearly $1 million in revenue-share contract termination payments.

Record Salary Cap Pushes NFL Contracts to New Highs

Eric Hartline-Imagn Images

Record levels of compensation continue to proliferate around the NFL, particularly on the defensive side of the ball, further showcasing the league’s vast wealth. 

This week’s beginning of training camps has marked a series of contract extensions and restructurings, and NFL teams are taking additional advantage of a $301.2 million salary cap that rose 8% from 2025 and set a new league record. Among the latest deals:

  • The Eagles signed two-time Pro Bowl defensive tackle Jalen Carter to a four-year, $152 million contract extension. The agreement, worth up to $160 million overall and containing $106 million in guaranteed money, is the richest ever for a defensive tackle, in both average annual value and total guaranteed money. Carter is now under contract through the 2031 season.
  • The Browns signed defensive back Denzel Ward to a two-year, $62.2 million contract extension. That deal includes $52.3 million in guaranteed money, and makes Ward the highest-paid player at this position in league history for the second time. With an AAV of $31.1 million, the Browns’ deal also shows a further retooling for Cleveland after June’s trade of star defensive end Myles Garrett, and it moves just past the Rams’ deal with cornerback Trent McDuffie signed less than five months ago. 

These agreements also follow a recent spurt of rookie signings as camps opened, including the four-year, $57.27 million deal for Raiders quarterback Fernando Mendoza, the No. 1 pick in the NFL Draft in April. Last month, Chiefs quarterback Patrick Mahomes also restructured his deal once again to bring him more than $63 million in AAV beginning next year, setting another NFL record.

Since the beginning of the new league year in March, other position compensation milestones have been set at wide receiver (Jaxon Smith-Njigba, Seahawks), offensive tackle (Laremy Tunsil, Commanders), center (Tyler Linderbaum, Raiders), edge rusher (Will Anderson Jr., Texans), and kicker (Chris Boswell, Steelers). 

These record-breaking contracts further reflect the league’s unmatched financial success, as it brought in $14.5 billion in national revenue in the last fiscal year. Much of the league’s already-soaring income comes from domestic media deals that are about to be renegotiated.

Even with the increased financial latitude for NFL teams, the current situation still has some constraints. In addition to the salary cap itself, the Packers recently posted their first non-pandemic operating loss since 1990 and stressed the need for further revenue generation. 

SPONSORED BY 3M

The 3M Science Behind Golf Clubs

What does it actually take to build a golf club? In this episode of FOS Engineered, presented by 3M, we went inside PING’s headquarters to follow a club through every step of the manufacturing process: from raw materials and precision assembly to stress testing with the legendary PING Man robot.

Along the way, we uncovered how engineering, technology, and innovation come together to create equipment built for performance, including the critical role 3M technologies play throughout the process. From the adhesives that bond club components together to the materials that help ensure durability and consistency, 3M helps enable the precision behind every club.

Watch the full episode here.

ONE BIG FIG

NHL’s Highest Paid

Jan 7, 2026; Los Angeles, California, USA; San Jose Sharks center Macklin Celebrini (71) celebrates his goal scored against the Los Angeles Kings during the third period at Crypto.com Arena

Gary A. Vasquez-Imagn Images

$94 million

That’s what the Sharks are paying star center Macklin Celebrini over the next five years, setting an NHL record for average annual value at $18.8 million. The new contract extension begins with the 2027–28 season and runs through 2031–32. Celebrini, 20, was the first pick in the 2024 NHL draft and is entering the final year of a three-year, rookie-level contract that has a $2.93 million base but also performance bonuses of up to $3.5 million per year.

LOUD AND CLEAR

FIFA Influencers

USA TODAY Network via Reuters Connect

“If there were people that had high business stakes and they didn’t like a soccer decision, do they now have the influence to have a say in some of those kinds of decisions?”

—Villanova sports business professor Bret Myers tells Front Office Sports about the kind of scrutiny FIFA would invite under its plan to bring on private investors. FIFA’s plan to create a commercial arm with aims to raise $4.2 billion from outside investors shocked the soccer world Tuesday. Several experts in law and corporate governance who FOS spoke with said it’s concerning that venture capital investors could potentially hold sway over FIFA.

STATUS REPORT

Three Up, One Down

USA TODAY Network via Reuters Connect

PGA Tour ⬆ An announcer-free stream called “Marquee Group: Quiet Please” will debut this week at the Rocket Classic on ESPN+, featuring player-caddie conversations, crowd reactions, and audio from the course in place of traditional commentary. The league will review fan sentiment ahead of a potential broader rollout in 2027.

Real Madrid ⬆ The Spanish soccer club reported $1.36 billion (€1.22 billion) in revenue for the 2025–26 season, which is believed to be the highest amount any sports organization has achieved. The team’s revenue topped $1 billion for the third consecutive year and was up 3.1% from the prior season. An 11% increase in stadium revenue played a key role in the record number, along with a 6% bump in marketing revenue.      

Amazon Prime Video ⬆ The streaming service will broadcast select NHL playoff games in Canada for the first time during the 2026–27 season as part of a new 12-year agreement with Rogers Communications. Prime Video will also have exclusive broadcast rights to Wednesday night regular-season national games, which will be available in English and French.   

Formula One ⬇ The motorsport championship is considering shifting its season finale as the U.S.-Iran war continues in the Middle East. F1 president Stefano Domenicali told reporters on Wednesday the finale of the 2026 season will be hosted in Europe if the “situation will not be cleared the way that we believe it should be.” The last two races on the calendar are in Qatar and Abu Dhabi.

Editors’ Picks

Zuffa Boxing’s Business Model Is Already Shifting

by Griffin Senyek
Shakur Stevenson is the promotion’s latest star seeking to box non-Zuffa fighters.

San Diego FC CEO: World Cup Is MLS’s ‘Second Booster’ After Messi

by Ava Hult
MLS ticket sales surged during the World Cup.

PLL Takes Page From NHL With 4-Team International Tournament

by Meredith Turits
The league hopes to replicate the success of recent blockbuster international events.
Events Video Games Shop
Written by Eric Fisher
Edited by Lisa Scherzer, Catherine Chen

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