Report: Bucs have second-most salary cap space at nearly $60.5-million
Because the NFL collective bargaining agreement allows teams to roll over remaining salary cap room into the next season, the Buccaneers have the second-most cap room space in the league with $60.496-million.
The 2011 salary cap was $120.375-million and the 2012 ceiling is expected to be roughly the same. The precise figure, based on league revenues, should be released in a week or two.
The Bucs have the second-most cap space in large part because they had $23.519 million of carryover cap money from 2011.
Pro Football Talk notes that under Article 13, Section 6(b)(v) of the CBA, 'each team may carry over any remaining cap room from one year to the next by submitting written notice, signed by the owner of the team, to the league office no later than 14 days before the start of the next league year. The written notice must indicate the maximum amount of cap room that the team wishes to shift from one cap year to the next.'
The new league year begins on March 13, which means notices must be submitted by Feb. 28. Currently, the Kansas City Chiefs have $62.995 million after budgeting $24.014 million from the 2011 season.
Bucs general manager Mark Dominik said recently, "We’re going to do it in free agency. I don’t want people to be worried we’re not going to spend in free agency. We’ll be involved.''
Given the amount of salary cap money the Bucs rolled over from 2011, there certainly is not excuse for Tampa Bay not to be active in free agency. Then again, they may opt to move a significant amount of salary cap money to 2013. But as it stands, only the Chiefs have more room under the salary cap.