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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