Originally NFL teams were projected to have roughly $126 million to spend with the salary cap for the 2014 season, but according to a report by ESPN's Adam Schefter, that number is actually closer to the $130 million range.
NFL's salary cap now projected to rise to about $130 million, up 5 percent from $123 million last year, per league sources. More $ for all.— Adam Schefter (@AdamSchefter) February 20, 2014
Under the previous valuation, with a salary cap of $126 million, the Jacksonville Jaguars were projected to have around $50 million in salary cap room to work with for the 2014 season. Now, with the projected increase, the team will have an additional $4 million in room.
It's not likely that this news will effect the Jaguars plans much, if at all, because salary cap room was never an issue for them. What this news may do however, is allow some teams to hang on to players rather than release them for cap relief.