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NFL salary cap set at $155.27 million for 2016, per report

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The Packers have nearly $22 million in available cap space.

Trevor Ruszkowski-USA TODAY Sports

After considerable speculation, the NFL and NFLPA have finalized a pre-adjusted salary cap of $155.27 million for the 2016 season, USA Today's Tom Pelissero reports.

Many expected the NFL's salary cap to make a sizeable jump in 2016, and they weren't disappointed. The cap increased by approximately $12 million from last year, the second double-digit increase in as many seasons. The leap aids the less cap-savvy teams get their books in order.

Because the new collective bargaining agreement allows teams to carry over cap space from previous seasons, the Green Bay Packers now have plenty of financial flexibility as free agency approaches. Even after signing defensive tackle Letroy Guion to a three-year, $11.25 million deal, the general manager Ted Thompson and his front office have nearly $22 million in available funds according to OverTheCap.com's figures. That means Green Bay shouldn't have any issues keeping the players they want. The team can also dip into free agency if it so chooses.

Jason B. Hirschhorn covers the Green Bay Packers for Acme Packing Company. He also serves as an NFL writer for SB Nation and Sports on Earth and is a member of the Pro Football Writers of America.