With camps opening soon and 31 rookies still unsigned and plenty of franchise players able to do long-term deals if at all by 4:00 p.m. ET Monday, let’s take a look, team-by-team, at the available cap space.
Typically, signing a franchise player to a long-term deal creates cap space. Once the Saints’ cap number officially reflects Drew Brees’ new deal, their remaining cap room will jump from $2.12 million to more than $8 million.
The Jaguars continue to have the most cap room, which could prompt running back Maurice Jones-Drew to continue to hold out. And the Ravens continue to have the least, which will serve as an excuse for not extending Ed Reed or Joe Flacco, even though the Ravens could create cap space quickly, if they really want to.