The day after the 2014 NFL draft ends, the people who moved the thing forward by two weeks will be spending times with their mothers or the mothers of their children. The people who are responsible for putting teams together will be spending the day pursuing undrafted free agents.
To lure a class of undrafted free agents, the teams will have up to $80,362 each for signing bonuses or amounts treated as signing bonuses to offer. That’s a total amount per team, not per player.
It’s unclear why any limits are placed on the ability to give signing bonuses to undrafted players, given that a salary cap encompasses all moves made by a team. Regardless, the NFL and the NFLPA have agreed to the limitation, and the limitation this year is $80,362 per team.