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NFL will reportedly raise salary cap from $123 million to $130 million in 2014

Anwar S. Richardson
Shutdown Corner

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(USA Today Sports Images)

The New Orleans Saints and Dallas Cowboys received encouraging news on Thursday.

According to ESPN reporter Adam Schefter, the NFL will raise its salary cap to about $130 million, up about five percent from $123 million last year.

The increase helps New Orleans, which was reportedly $2.6 million under the cap. New Orleans plans to retain tight end Jimmy Graham, but the standout wants to be paid like a receiver. If Graham is franchised as a tight end, he would earn $6.8 million next season, but a receiver would earn around $11.6 million. The extra money will help New Orleans during the offseason.

In addition, Dallas was projected to be $20 million to $25 million over the salary cap. The Cowboys may be forced to release DeMarcus Ware, who will have a salary cap figure over $16 million in 2014. The increase may not help Dallas retain Ware, but it will help the front office decide his fate sooner than later.

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Anwar S Richardson is a writer for Shutdown Corner on Yahoo Sports. Have a tip? Email him at NFLAnwar@yahoo.com or follow him on Twitter!

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