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A few weeks ago, when the NFL made its initial salary cap projection for the 2015 NFL season, they informed teams that they expected a cap value of around $138.5 million.
According to one report today, that estimate was a low one - something most people associated with the NFL had expected. Here's the report from ESPN's Adam Schefter:
NFL notified teams today that it expects this year's salary cap to be between $140 and $143 million, at least $1.5M higher than projected.
— Adam Schefter (@AdamSchefter) February 18, 2015
Well that's good news for teams with players looking to earn big contracts (cough, cough, Randall Cobb), as they'll have at least an extra $1.5 million in space to work with, and maybe as much as $4.5 million more.
Currently, the Packers are projected to have the 13th-most salary cap space in the NFL, according to Overthecap.com. Using the bottom end of the range listed in Schefter's report, they would have at least $23.8 million as the cap currently sits, though that does not account for any projected cuts coming between now and the start of free agency.