The numbers are officially in and the Green Bay Packers will have a ton of money to spend this offseason if they so choose.
The NFL Players Association confirmed the salary cap for the 2014 season will be set at $133 million, which puts the Packers roughly $35 million under the cap when the new league year begins on March 11 and free agency starts.
Not too shabby when you consider the organization just unloaded record deals to quarterback Aaron Rodgers and outside linebacker Clay Matthews, who will count about $28 million against the cap next year.
According to Spotrac, which tracks NFL teamís salaries, the Packers are just under $108 million for next season, including the $2.67 million they carry in dead money towards next yearís cap (B.J. Rajiís voided contract based on playing time, Desmond Bishop, Jerron McMillian, Alex Green, D.J. Williams, Terrell Manning and others).
When you subtract the $9.81 the organization carried over from unused cap space in 2013, it gives the organization about $35 million to work with this upcoming season. Thatís the sixth-most space in the NFL, according to ESPN.comís Kevin Seifert.
That doesnít necessarily mean the Packers are going to go all-in in free agency, though. As the NFLPA outlines:
ďUnder the current CBA, clubs have minimum cash spending requirements. For the years 2013-2016, Clubs are required to spend an average of 89 percent of the salary cap over the four-year period. League-wide, clubs must spend an average of 95 percent of the salary cap over the four-year period.Ē
The average carryover in the league was $6.1 million, according to the NFLPA. The Packers spent a little more than 92 percent of their cap last year, so they're in the clear thus far.