INDIANAPOLIS -- Our economy might be headed for a recession, but the NFL seems immune.
One week before the free-agent signing period kicks off, more teams have more salary-cap space than ever before.
No team has more than the Miami Dolphins, who as of Thursday morning, were a whopping $44 million under the $116 million salary cap. Jacksonville is not far behind at $42 million under.
In fact, 10 teams are at least $30 million under the salary cap, giving them financial freedom they seldom have enjoyed. Those teams include Buffalo, Tennessee, New Orleans, San Francisco, Tampa Bay, Minnesota, Cleveland and Chicago.
Even the teams struggling to get under the cap have little room to make up. As of Thursday morning, Arizona, Indianapolis and Washington were the only three teams projected to be over the salary cap of $116 million.
Arizona is $2.1 million over the cap, Washington $103,000 over and Indianapolis was $230,850 over the salary cap –- but that was before they signed tight end Dallas Clark to a new six-year contract Wednesday.
Thus Indianapolis, Washington and Arizona will have some trimming to do before Friday, Feb. 29, when the free-agent signing period kicks off.