NFL sets salary cap at $123M; Vikings slightly above median in space
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The NFL finally has set its salary cap, and it's higher than previous projections suggested.
Agents were notified on Thursday night the cap will be $123 million -- up nearly 2% from $120.6 million in 2012, though still down from $127.997 million in 2009, the last capped year under the old collective-bargaining agreement.
The Vikings are just above the league median in cap space, according to sources with knowledge of the numbers. They're a little more than $14.2 million under their adjusted cap for 2013, pending any additional accounting before the league year begins on March 12.
They have about $118 million in current cap commitments to their "Top 51" and only $418,532 in dead money. They carried over a little more than $8 million in unused cap space from 2012 and have another $1.643 million credit from the Redskins/Cowboys penalties last year.
Releasing receiver Michael Jenkins before he's due a $2.425 million roster bonus on March 16 would clear another $3.25 million in cap space.
The Vikings also could pursue restructured contracts with defensive tackle Kevin Williams, cornerback Antoine Winfield and end Jared Allen, whose $17,063,956 cap number is one of the largest in the NFL.