NFL Salary Cap for 2014-15 Season set to be $130 Million

According to ESPN, the salary cap for the 2014-15 NFL season is scheduled to be $130 million:

The NFL is projected to raise its salary cap to about $130 million, up about 5 percent from $123 million last year, league sources told ESPN's Adam Schefter on Thursday.

The $130 million figure is even higher than teams are expecting or had been preparing for and will be welcome news for teams, especially ones like the Dallas Cowboys and New Orleans Saints that are cap-strapped.

No one was entire sure of what the 2014 cap would be, but most projections were expecting it to be around $126 million. This is great news for the Bengals, who could be in for another offseason of big-spending.

It won't be on the open market through, as offensive tackle Anthony Collins needs to be re-signed for a deal that will pay him somewhere between $5-8 million annually.

The franchise tag would cost around $11 million, and that options appear more realistic now that the cap is set to be higher than originally expected.

Not only that, but the team could look to extend the deals of receiver A.J. Green and linebacker Vontaze Burfict. Both are eligible for extensions on the final year of their rookie deals, though Green can be brought back next year with the transition tag, so there's no rush to re-sign him.

Either way, this is good news for the Bengals, as they're in an offseason that could see them use most of their cap space to ensure their Super Bowl contenders in 2014 while also keeping a solid foundation for the future. This team is still so young with room to grow that they could significantly improve this offseason just by re-signing their own and having another great draft.