Report: NFL Salary Cap Projected To Reach $132 Million

John Clayton of ESPN is reporting that the NFL salary cap is being projected to reach $132 Mil, according to his sources.

According to a source, the projection for the 2014 salary cap is now at $132 million.

— John Clayton (@ClaytonESPN) February 22, 2014

If this is indeed true, that would be an increase of roughly 7% from last year’s $123 Mil salary cap figure. Just a few days ago, I passed along the $130 Mil cap projection that Adam Schefter reported. So, we’ll have to wait and see who is closest to right here. At this rate, by the time the owners meet next month, maybe the Steelers won’t need to do any trimming to get below cap compliance. [That was a joke.]

At last check, the Steelers were roughly $9 Mil over the $130 Mil cap projection. Scratch off Levi Brown’s $6.25 Mil and getting below the cap isn’t so difficult.