Wednesday, February 26, 2014
Packers have 6th-most salary cap space
By Rob Demovsky
GREEN BAY, Wis. -- Even if the Green Bay Packers decide to use the franchise tag on cornerback Sam Shields, they would still have more salary-cap space than 20 other NFL teams.
According to the latest calculations by ESPN's Kevin Seifert based on a projected 2014 salary cap of $132 million, the Packers currently have the sixth-most cap space of anyone in the league, at $34,197,930.
The Packers have been working to finalize a long-term deal with Shields, having met with his agent Drew Rosenhaus last week at the combine. If they can’t get a deal done before Monday, which is the deadline for teams to use the tag, then they might use it as a tool to continue their negotiations.
It’s hard to imagine them actually paying Shields the franchise price, which for cornerbacks is expected to be around $11 million, but they have the cap space to do so.