NFL salary cap set for increase

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The NFL salary cap is set to rise by as much as five percent this season according to Adam Schefter of ESPN.

Schefter tweeted today: "NFL's salary cap now projected to rise to about $130 million, up 5 percent from $123 million last year, per league sources. More $ for all."

The salary cap which limits the amount of money that teams can pay to their players was projected to rise from $123 million to around $126 million, a rise of 2.6%. However Schefter's report predicts that the cap could rise higher.

The cap in 2012 was a shade above $120 million and has been expected to rise in 2-5% increments over the next few years.

This news will be celebrated by the Dallas Cowboys who are in the worst cap situation in the league.

The San Diego Chargers, Seattle Seahawks and Pittsburgh Steelers are also over the cap limit heading into free agency.

However, now it appears that there will be a few extra dollars to spend on those vital free agents during this offseason.

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