With Andre Smith back in the fold, the current roster count stands at 71. With 10 draft picks and a handful of UDFAs likely to join, the team will soon be at its 90-man offseason limit. I would expect the Bengals to target WR, QB, CB and LB with the remaining draft picks. Most other positions are well positioned with depth and contracts that run through next season.
Without yet knowing the full details of Smith's 2013 cap hit, I would estimate the room post-draft picks to be around $20.2M. I still expect Jamaal Anderson to be released (now more than ever with the selection of Margus Hunt), which will bring the cap room up to $22.4M.
The next major moves will be extending Geno Atkins, Michael Johnson and Carlos Dunlap. The team is currently very defense-heavy in its spending (48% vs 43%) but this was actually a more lopsided prior to the selections of Eifert and Bernard. Extending the three d-lineman will increase this gap temporarily until next year when Green and Dalton receive their new contracts. Earlier in the offseason I predicted contracts for Atkins (6yr, $60M, $9M 2013 cap hit), Johnson (5yr, $48.75M, $8.75M cap hit) and Dunlap (5yr, $50M, $6.9M cap hit). If those predictions come close to reality (I was close on Smith: one year less than I predicted but nearly same annual value), the remaining cap space would come down to $11.9M. That is plenty of room for injury replacements, practice squad and carryover into next year, especially since only 13 of the Top 51 players would not be under contract for next year. Assuming a 3% increase in the salary cap, the team would have $5M plus carryover next year. This isn't as impressive a figure as this year but with more players under contract, the team doesn't need to do as much next offseason (only UFA's of note are Anthony Collins, Jeromy Miles, Chris Pressley, Brandon Tate and Taylor Mays...nothing to worrisome here).
There is a chance that the team chooses Johnson over Dunlap (or vice versa). Signing both would be committing a lot of money to that position especially with Atkins, Peko, Geathers and Gilberry under contract as well. The team though has seen a philosophical change from defense in favor of offense, so it may still happen.