Source: Cap could exceed $127.5 million for 2014

Getty Images

Yes, owners were told on Wednesday to expect the 2014 salary cap to climb from $123 million to $126.3 million.

The real expectation is that the expected number will be even higher.

Per a league source, the final number could be more than $127.5 million per team.  That would be a 3.65-percent increase over last year.

Last year, the league initially expected the salary cap to inch up from $120.6 million to $121 million.  We were told (by the same source) that it would actually be more than $122 million.

The final numbers are announced not long before the start of the new league year in March, at which time every team must be in compliance with the spending maximum.