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There is currently $307 million worth of cap room left in the NFL without very many players left to spend it on. With virtually every high priced free agent already signed, several NFL teams still have upwards of $25 million left to spend on this year's cap.
In fact, you could argue that Andre Smith is the only guy still on the market likely to get big money. His previous employer, the Bengals, still have nearly $26 million in cap space to spend in 2013.
Cincy is one of 5 teams with over $25 million left on this year's cap. With rookie salaries dramatically lower than they were pre-new CBA, some of these teams may find it hard to spend some of this cap room. Some will go to those rookies, some will go to extensions but overall there's still a lot of available cash out there.
And you really have to wonder where it will all go for a team like the Eagles? They carried over $23 million from last season and still have $25 million this year (Notable because the 4 year period where teams must average cash spending to 90% of the cap ie the salary floor, starts this years). There really aren't many high profile extensions for them to give, maybe Jeremy Maclin. They will probably carry over some money to cover contracts that inflate next year but still... $25 mil is a lot of cash.
That said, it's nothing compared to what the Browns are working with. They already carried over a pretty hefty amount from 2012 and now still have nearly $34 million to spend. If they only spend money on rookies from here on out, they'll have to spend pretty close to the cap for each of the next 3 seasons to be sure they meet the salary floor.
Other teams on this list do make some sense. For instance, the Green Bay Packers. They're undoubtedly going to extend Aaron Rodgers this offseason, so a hefty chunk of that deal will probably get dumped on this year's cap.
Below is the official look at what every team is currently working with. At this point in the year, only a team's top 51 contracts count against it's cap, so that's the first column. The second is the amount of money from 2012 that they carried over to this season. That carryover minus any dead money plus the $123 million limit all teams get will give you column 3, which is a team's current cap for this year. Finally, the 5th column is a team's current cap room remaining.
| Team | Current contracts | Previous year carryover | Team Cap | Cap Room |
|---|---|---|---|---|
| Cleveland Browns | 51 | $14,339,575 | $103,292,815 | $33,815,650 |
| Jacksonville Jaguars | 51 | $19,563,231 | $117,766,534 | $27,292,582 |
| Cincinnati Bengals | 49 | $8,579,575 | $108,111,734 | $25,815,197 |
| Philadelphia Eagles | 51 | $23,046,035 | $120,563,643 | $25,747,026 |
| Tampa Bay Buccaneers | 50 | $8,527,866 | $108,958,452 | $25,259,270 |
| Green Bay Packers | 49 | $7,010,832 | $113,022,178 | $17,799,553 |
| Buffalo Bills | 50 | $9,817,628 | $118,986,886 | $13,687,532 |
| New York Jets | 49 | $3,400,000 | $113,962,266 | $12,566,471 |
| New England Patriots | 50 | $5,607,914 | $118,852,407 | $10,299,937 |
| Indianapolis Colts | 49 | $3,500,000 | $115,002,929 | $9,407,345 |
| Seattle Seahawks | 50 | $13,265,802 | $127,724,117 | $8,980,008 |
| Denver Broncos | 45 | $11,537,924 | $131,433,468 | $8,327,523 |
| Miami Dolphins | 51 | $5,380,246 | $119,959,660 | $8,263,667 |
| Arizona Cardinals | 51 | $3,600,110 | $118,281,629 | $8,177,786 |
| Oakland Raiders | 48 | $4,504,761 | $119,827,392 | $6,855,649 |
| Tennessee Titans | 50 | $12,867,893 | $128,737,121 | $6,470,792 |
| Detroit Lions | 45 | $466,992 | $115,264,106 | $6,222,911 |
| San Diego Chargers | 50 | $995,893 | $117,065,718 | $5,948,130 |
| Carolina Panthers | 50 | $3,654,825 | $120,489,893 | $5,742,488 |
| Baltimore Ravens | 44 | $1,182,377 | $117,521,845 | $5,356,586 |
| Dallas Cowboys | 50 | $2,335,379 | $115,025,651 | $4,469,505 |
| Minnesota Vikings | 48 | $8,004,734 | $125,380,624 | $4,412,590 |
| Chicago Bears | 51 | $3,236,965 | $124,752,260 | $4,156,995 |
| Kansas City Chiefs | 51 | $14,079,650 | $132,842,454 | $4,153,573 |
| New York Giants | 48 | $1,000,000 | $119,510,326 | $4,076,958 |
| Houston Texans | 51 | $2,422,689 | $121,233,466 | $3,813,260 |
| San Francisco 49ers | 50 | $859,734 | $122,763,497 | $3,009,822 |
| Atlanta Falcons | 51 | $307,540 | $120,349,699 | $2,432,601 |
| Pittsburgh Steelers | 48 | $758,811 | $122,503,051 | $1,919,760 |
| New Orleans Saints | 49 | $2,700,000 | $122,778,258 | $1,840,979 |
| St. Louis Rams | 48 | $247,347 | $121,337,284 | $829,053 |
| Washington Redskins | 50 | $4,270,296 | $108,912,284 | $669,949 |
| Total | $201,072,624 | $3,812,213,647 | $307,821,148 | |
| Average/Team | $6,283,520 | $119,131,676 | $9,619,411 |