- Dan Graziano, ESPN Staff Writer
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With projections for the 2014 salary cap continuing to rise into the low $130 millions, we have discussed the ways in which the perennially cap-strapped New York Giants could benefit. According to this chart Kevin Seifert put together, the Giants currently project to have $18,288,183 in cap space if the cap comes in at $132 million when it's announced next week. That puts them right in the middle of the NFL pack, and third in the NFC East. Here's a look at where the division's other teams stand in the current projections. You'll note that the Dallas Cowboys appear to be in massive trouble.
Washington Redskins: $28,684,986. After two straight offseasons in which they were penalized $18 million worth of cap room for their spending behavior during the uncapped 2010 season, the Redskins are ready to get to work rebuilding their secondary. They also need money to re-sign pass-rusher Brian Orakpo.
Philadelphia Eagles: $25,674,804. The Eagles always manage the cap well, and they're already at work locking up their current players on long-term deals to maintain flexibility and continuity. Left tackle Jason Peters got his deal Wednesday, and it sounds as though center Jason Kelce and wide receiver Riley Cooper are next in line. If they spend in free agency, it likely will be on defense, where they could use some fresh pieces.
Dallas Cowboys: -$18,920,690. Yeah, that's a minus-sign there. The Cowboys are nearly $19 million over the projected cap at this point, which means they probably can't retain free agent defensive linemen Jason Hatcher and Anthony Spencer and have some other tough choices to make. They have already made some noise about possibly having to cut DeMarcus Ware, which sounds crazy but would wipe out a huge chunk of the debt.