The NFL salary cap is rumored to be staying around $120 million next season, according to the Milwaukee Journal Sentinel. Since the Green Bay Packers already have $113 million tied up, the team has $7 million to throw at free agents.
The Journal Sentinel points out that this doesn't leave the team enough financial room to put a franchise tag on quarterback Matt Flynn even if the plan is to then trade him. The paper thinks the much more likely candidate to receive the franchise tag in Green Bay is tight end Jermichael Finley.
"The franchise number for tight ends is expected to drop from $7.3 million in 2011 to about $5.5 million due to the change in how the figure is calculated under the new collective bargaining agreement," the paper points out.
The 24-year-old Finley, a third-round pick back in 2008, had 767 receiving yards and eight touchdowns last season.