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NFL sets 2013 salary cap at $123M, up from $120.6M

NFL teams such as the Dallas Cowboys have been working feverishly to get under the salary-cap limit by the start of the new league year on March 12.

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The good news is most teams will have more wiggle room than expected. The NFL announced to all 32 teams that the salary cap will jump from $120.6 million last year to $123 million in 2013, sources tell NFL.com's Ian Rapoport. There also is a per team minimum salary benefit of $900,000, setting total player compensation at $123.9M per team.

While the Cowboys and Washington Redskins are dealing with a cap penalty, other teams will have extra space carried over from last year.

The extra $2.4 million isn't going to make the difference in landing a high-profile free agent, but it will help teams in assigning restricted free-agent tenders and locking up draft picks later this offseason.

Follow Chris Wesseling on Twitter @ChrisWesseling.

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