The Miami Dolphins now know what they can spend up to. So does the rest of the NFL. After weeks of conjecture the NFL has set the 2013 salary cap at 123.9 million. Up approximately 1.5 million from the original projections.
It is still unknown exactly how much the Dolphins will have in cap space. Dead money has not officially come off the books and won’t until March 12th. In addition the Dolphins can borrow from next years cap and carry over some from last year if they desire. The amounts are not known.
Most experts (not me) put the spending power between 40 and 50 million although most projections appear to be around 44.4 million as of late. Still a considerable amount of spending money. In all likelihood, the Dolphins will have at minimum another 5 to 10 million to spend.
The Dolphins, unlike many other NFL teams, have not cut player under contract off their roster to create cap space simply because they don’t need to right now. Regardless of the actual figures, which we will likely know sometime in the next week, the Dolphins are expected to have the third most spending power at their disposal.