The Miami Dolphins started out with a whopping 38 million dollars at the outset of free agency, in the span of 12 days, they have managed to spend almost 20 million.
The Phins currentl cap situation is around 21 million dollars, and that looks to be roughly where they will enter the draft at. A few more players will likely be signed which will eat a bit out of that amount, but the Phins are not likely to go into the draft…or after it…without having some coin to work with.
Miami will need to have money to pay the 1st pick overall provided it is not traded, plus they will need money to sign their other picks, they will also likely sign a few roster cuts from other teams before and during training camp.
The amount of money is not that bad and it gives the Phins some ability to maneuver around, they are almost at the 84% spending requirement. Of course, a trade of Jason Taylor could add some change to the end of it. I still think he ends up in Jacksonville.
So there is the update on the Miami cap situation.