ESPN's Adam Schefter reported this morning that the projected 2014 NFL salary cap number will be "near 130 million". That’s a 5 percent increase from last year’s cap of $123 million. It was speculated earlier this offseason that the cap number would be near 126 million, however it looks it will be at 130 million. That is good news for teams that are tight on cap, and good news for Free Agents who are looking to cash in this offseason.
NFL's salary cap now projected to rise to about $130 million, up 5 percent from $123 million last year, per league sources. More $ for all.— Adam Schefter (@AdamSchefter) February 20, 2014
Before this announcement, the guys at overthecap.com projected the Broncos cap number to be $12,744,044 dollars. Also MHR's Bronco Mike outlined how the Broncos could clear an extra 19.6 million dollars by cutting Champ Bailey, Joel Dreessen, Jacob Tamme, and Chris Kuper. That would give the Broncos around 31 million dollars in spending money. Now this morning's announcement from Schefter would give all NFL Teams another 4 million dollars in spending money. So the Broncos could have 35 million dollars to play with this offseason. Now subtract the $4,299,151 the Broncos will set aside for the rookie pool, that will leave them with roughly 30 or 31 million to spend on Free Agents.
This should leave the Broncos with plenty of money to re-sign priority Free Agents like Dominique Rodgers-Cromartie, Shaun Phillips and Zane Beadles. It will also give them some spending room to improve area's via Free Agency