With ratification of a new collective bargaining agreement later today, the new league year will begin tomorrow at which time all 32 NFL teams will be required to be under the new salary cap, which is set at $120 million.
The Packers, as reported by Pro Football Talk, were $15.4 million under the cap as of Tuesday. One would think this would include the James Jones and John Kuhn signings. Kuhn’s contract details were reported earlier in the week, but we have yet to see Jones’ numbers.
This is a healthy cushion for Ted Thompson to work with going into the 2011 season. The first player in line for a an extension has got to be Josh Sitton, who is slated to make $1.2 million in 2011, the last year of his rookie deal. Thompson will also, of course, need to make a decision on Jermichael Finley at some point. In addition to those two, Erik Walden will make $550,000 this year before hitting free agency in 2012. If Walden wins the starting job opposite Clay Matthews, he could be in line for an extension as well.
UPDATE: It would seem the Tuesday number did not include the Kuhn and Jones contracts. PFT has updated numbers as of today and indicates the Packers are $11,106,000 under the $120 million cap.