Bucs have approximately $20 million in cap space remaining
The Bucs have been busy spending tons of money in the first two days of the free-agent signing period, which they began with more than $44 million in salary cap space.
Although they don't have plans to spend lavishly during the remainder of this offseason, we thought it might be useful to take a look at what the team's salary-cap situation currently is.
As it turns out, the Bucs remain in very solid salary-cap position, even after awarding more than $140 million in contracts to Vincent Jackson, Carl Nicks and Eric Wright. The Bucs, after releasing veteran center Jeff Faine -- a move that saved nearly $6 million on the cap -- have roughly $20.2 million in cap space remaining.
This is based on the team spending about $30.2 million on the 2012 cap for the three big acquisitions, plus the savings on Faine's contract. This total does not include today's signing of quarterback Dan Orlovsky, for which we don't yet have a salary-cap breakdown.
Again, do not look for the Bucs to continue dipping into this stash of cap space -- at least not until the second wave of free agency, likely after the NFL Draft. We just wanted you to have a sense of where things stand.
And keep in mind, the current number will change as draft picks are brought in and after any potential contract restructuring or extensions later in the year. One thing it does is provide great flexibility.