Report: 2014 Salary Cap Projected To Come In Around $130 Million
According to Adam Schefter of ESPN on Twitter, the salary cap for the 2014 season is now projected to rise to about $130 million, up 5 percent from $123 million last year.
This is good news for the Pittsburgh Steelers from a salary cap standpoint as based on a $130 million number, they are likely right now roughly just under $10 million over the cap.
The Steelers are expected to release tackle Levi Brown prior to the start of the new league in March and that move will clear $6.25 million.
On Wednesday, Pittsburgh Steelers general manager Kevin Colbert said there’s a possibility that the organization could be more active in free agency this year than in year’s past. This makes sense as they are expected to be in good cap shape over the course of the next few weeks after all of the terminations, restructures and possibly a few extensions take place.