The Denver Broncos got a little bit more cap space with the news today first reported by Jason La Canfora that the NFL salary cap is increasing to $133 million.
NFL just sent the memo out to teams: 2014 cap is $133M on the dot
— Jason La Canfora (@JasonLaCanfora) February 28, 2014
This is a great bit of news for the Broncos, whose cap space has now increase to roughly $20 million. They haven’t made any roster cuts yet either. It’s not quite the $60 million plus the Raiders have, but the Broncos having enough space is a big deal because now they can do basically what they want in free agency.
The biggest cap number the Broncos will have to deal with is Champ Bailey, who could save the team $10 million dollars if he’s cut or could at least cut in half, potentially better.
The next biggest cuts the Broncos figure to make are guard Chris Kuper and tight end Joel Dreessen, and those moves could alone put the Broncos at over $30 million in space with which to work.