On March 30, about a month before the NFL Draft, the Green Bay Packers only had about $3.4 million in cap space. The team has taken Nick Collins and Chad Clifton off their books since then, while signing rookies and restructuring Donald Driver's contract. Those moves have cleared up plenty of cap space for the team, and Ted Thompson now has some breathing room to work with.
The team now has $11.25 million in cap space, the ninth most in the NFL. With so many guys on the Packers due for contract extensions, expect almost all of that room to go away sooner rather than later.
Greg Jennings is first in line for an extension, and it wouldn't be surprising if Ted Thompson and Jennings' representatives took the time to work out an extension right now, before the beginning of training camp. Jennings is certainly first in line for an extension and will be the team's top priority. Also high on the priority list as far as extensions (and raises) go are T.J. Lang, Clay Matthews, Aaron Rodgers and B.J. Raji, listed roughly in order of priority given their current contract situation. Clearing up cap for a couple of these guys was a big deal, and it's good to see that Thompson has made the space to get a couple of deals done this year.