 On June 29, 2010, a new collective bargaining agreement was ratified that raised the salary cap to $4.25 million for the 2010 CFL season and would continue to increase by $50,000 each season until 2013.In 2014, a new CBA was ratified and the salary cap was raised to $5 million per team, with that amount increasing again by $50,000 each year until 2018.Financial penalties for teams that breach the cap are set at $1 to $1 for the first $100,000 over, $2 to $1 for $100,000 to $300,000 over, and $3 to $1 for $300,000 and above.