In roughly a month, teams need to get under the salary cap and can then begin to negotiate with unrestricted free agents. Reported earlier to be a shade over $121 million, a new report claims the cap will actually be slightly higher -- $121.5 million.
According to Mike Florio of Pro Fooball Talk, a league source tells him the final figure for the 2013 season will be roughly $500,000 more than originally reported. This means little to the teams who had prudently managed the cap, but for organizations like the New York Jets, Dallas Cowboys, or Pittsburgh Steelers, who are significantly over the cap, that extra half-million means a lot.
The salary cap is determined as a percentage of total revenue. It's expected to climb slowly over the next few years, then see a serious jump following the 2014 season to coincide with the league's new television deal. This expansion of the salary cap will help offset large pay raises for rookies coming off the NFL's rookie pay scale, established in the 2011 CBA.
News that the cap will be higher than expected won't make changes to team's plans as they cut to get under the figure, but could save fringe players who may have been cut otherwise.