The NFL Players Association announced today that the 2016 salary cap will be $155.27 million, about a $12 million jump from 2015. It’s a sizable number. With the slightly more than $3 million the Cardinals carried over from their leftover 2015 cap, General Manager Steve Keim will have a salary cap of about $158 million with which to work this season.
With that number, both overthecap.com and spotrac.com estimate the Cards will have between $19M and $20M of cap space going into free agency. The Cardinals have seven players that are scheduled to have cap hits of at least $5 million in 2016:
— QB Carson Palmer $17.88M
— WR Larry Fitzgerald $15.85M
— DT Calais Campbell $15.25M
— CB Patrick Peterson $13.07M
— T Jared Veldheer $9M
— WR Michael Floyd $7.32M
— G Mike Iupati $5.7M
Of those players, it makes the most sense to adjust the numbers of Campbell and Floyd through extensions. Otherwise, Keim and the front office have already figured out their plan for free agency through these numbers. There will be teams with tons of cap room, in order to overpay a player if they chose. The Cards will do what they do — target free agents at a certain price, and if they can’t convince them to sign, then move on. The “legal tampering” part of free agency begins in a week. Actual agreements cannot begin until March 9, a week from Wednesday.
Tags: Calais Campbell, Carson Palmer, free agency, Jared Veldheer, Larry Fitzgerald, Michael Floyd, Mike Iupati, Patrick Peterson, salary cap
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