When NFL free agency begins in March 2016, the league's 32 teams could each have up to $10 million in extra salary cap space to work with.
According to ESPN.com, teams were informed this week that the salary cap would be jumping up to at least $150 million in 2016. Teams were also told that the salary cap could end up being as high as $153.4 million.
If the cap hits the $153.4 million mark, that would be a $10.12 million jump over the 2015 salary cap, which was set at $143.28 million.
The official number cap number for 2016 won't be released until early March. The NFL gives the league's 32 teams an early estimation of what the cap might be so that everyone knows what they have to work with as they head into the offseason.
Teams like Miami, New Orleans and Buffalo will probably appreciate the early heads up. According to Spotrac, all three of those teams are projected to be over the cap heading into 2016.
On the other end of the spectrum, the Raiders, Bears and Buccaneers are expected to have the most cap space.
It the salary cap does hit $150 million, that means it will have doubled since 2003.
NFL Salary Cap since 2003
2016: $150 million-$153.4 million (projected)
2015: 143.28 million
2014: $133 million
2013: $123 million
2012: $120.6 million
2011: $120 million
2010: UNCAPPED
2009: $123 million
2008: $116 million
2007: $109 million
2006: $102 million
2005: $85.5 million
2004: $80.58 million
2003: $75 million
