ESPN's Adam Schefter reported that the NFL notified teams Wednesday that it expects this year's salary cap to be between $140 and $143 million.
NFL notified teams today that it expects this year's salary cap to be between $140 and $143 million, at least $1.5M higher than projected.— Adam Schefter (@AdamSchefter) February 18, 2015
This is at least $1.5 million dollar more than the projected amount. The league informed teams in December that the 2015 salary cap would be between $138.6 and $141.8 million. The 2014 NFL salary cap was set at $133 million, up from $123 million the previous season.
The Broncos should have around $25 to 26 million is cap space available to spend on players this offseason. Over The Cap has the Broncos at $26,044,918 right now.
The Broncos can free up some extra cap by releasing a few veteran players. Also, the Broncos could be talking about restructuring quarterback Peyton Manning's contract which would free up some extra space as well. With the Broncos having free agents like Demaryius Thomas, Julius Thomas, Terrance Knighton, Orlando Franklin and others, the Broncos will need as much cap space as possible.