The NFL salary cap for 2014 will be approximatley $130 million, a five-percent increase from the year before when it was $123 million, according to ESPN's Adam Schefter. The figure is higher than teams were expecting, which will provide some relief for cap-strapped organizations like the Saints, Steelers and Cowboys.
Preliminary estimates originally had the cap closer to $126.3 million (via OvertheCap.com), which gave the Saints $1.4 million in cap space. But that number could now be closer to $4 million. Likewise, the Steelers would go from $12.3 million over the cap to $8.7 million over, and the Cowboys would go from $24.6 million over to $20.9 million.
Teams have until March 11 to get under the cap, although many have already begun the process; the Lions have released Louis Delmas and Nate Burleson, and the Saints have parted ways with Jabari Greer, Will Smith and Roman Harper.