Here’s some good news for Saints fans, as news broke via ESPN’s Adam Schefter earlier today that the salary cap for the 2014 NFL season is expected to increase.
INDIANAPOLIS — The NFL salary cap for next season is now expected to sit near $130 million, ESPN’s Adam Schefter reported Thursday. That’s a five percent bump from last year’s $123 million total and up more than $3 million from earlier projections, which set the 2014 cap at $126.3 million.
The news is particularly important for those teams that currently find themselves a little cash-strapped headed into free agency. The Chargers, Lions, Steelers, Saints and Cowboys all began the offseason over that $126.3 million line; all but the Cowboys and Steelers should now be clear of that projected line.
Let’s just say it gives the Saints a little more wiggle room, but not much. The team has made strides to get under the original salary cap figure after being roughly $14M over. Releasing Will Smith, Jabari Greer, and Roman Harper saved the Saints roughly $17M to begin with, and the recent projects had the Saints with about $4M in cap room to play with.
I’d expect the Saints to try to get at least under $10M under the cap before they think about using the franchise tag on Jimmy Graham, who is expected to fight the tight end franchise tag through arbitration.