Even if revenues go down in 2020, the salary cap need not go down in 2021. Plenty of teams won’t want it to go down, because they won’t want to cut key players in order to get under the lowered spending limit. And the union clearly will want the cap to be as high as possible, in order to prevent a rash of players from being released and then ultimately signing new contracts, possibly for much less than they were due to make.
The ultimate number will be limited only by the creativity of the negotiators. With new TV deals on the horizon, and with those deals expected to be massive if/when a new normal arrives, the league and union could essentially borrow against future salary caps, smoothing the 2021 shortfall over multiple seasons, reducing the short-term pain for both the teams and the players.
https://profootballtalk.nbcsports.com/2020/05/16/will-cap-do-down-that-will-depend-on-negotiations-between-league-and-union/  wrote: