INDIANAPOLIS – Baltimore Ravens president Ozzie Newsome is happy to be poor.
Salary-cap poor, that is.
"I'm just glad I don't have a lot of money to go out there and shop this year," Newsome said Wednesday as he and other NFL executives prepared for another year of free agency.
"There's going to be a lot of B players making A money this year. It's a little scary."
By that, Newsome is talking about how the league's middle class figures to cash in this offseason. Few top-shelf free agents will be on the market, but there'll be a whole lot of money to spend.
And it has to be spent.
According to the NFL Players Association, there are approximately 14 teams with $20 million or more to spend this year on free agents. The San Francisco 49ers lead the way with $35 million in cap room. Overall, there's currently about $500 million in total available money among all 32 teams.
That overall amount is a slight overstatement because it also has to cover money that will be used to tender contracts
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