NFL free agency 2023: 10 teams with most cap space
With the 2022 NFL season coming to a close, it’s time to look at NFL free agency in 2023 and which teams have the most cap space.
All figures are provided by Over The Cap
10. Arizona Cardinals ($14.6 million)
The Cardinals need to retool their entire roster under new general manager Monti Ossenfort. Arizona should be trying to acquire more draft picks, sit tight on big signings this offseason and start building for the future once quarterback Kyler Murray returns from ACL surgery.
9. Las Vegas Raiders ($19.1 million)
Who is the quarterback? The Raiders will open up more cap space when they presumably move Derek Carr via cut or trade, but someone has to take his spot. Is it going to be a cheap rookie or an expensive veteran like Jimmy Garoppolo?
8. Baltimore Ravens ($26.1 million)
Baltimore has cap space, but that’ll disappear when quarterback Lamar Jackson gets the tag. Once that happens, the Ravens will need to open cap space either by moving Jackson in a trade, or by trying to sign him long-term, therefore lowering the ’23 number. If none of those things happen, Baltimore will have to cut and restructure guys.
7. Seattle Seahawks ($31 million)
The Seahawks need to re-sign Geno Smith, and he’ll eat up a good chunk of money depending on how general manager John Schneider decides to structure the deal. Presuming Smith returns, expect somewhat of a quiet offseason from Seattle in NFL free agency.
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6. New England Patriots ($34 million)
The Patriots have legitimate cap space, and they need to figure out their offense. It’s time to move off tight end Hunter Henry, and receivers DeVante Parker and Kendrick Bourne, which would save an additional $21 million in space, and reinvest around the roster.
5. Cincinnati Bengals ($35.7 million)
Cincinnati has to spend simply to keep the team in a good spot moving forward. Both safeties Jessie Bates and Vonn Bell are free agents. As is star linebacker Germaine Pratt and tight end Hayden Hurst. The Bengals also have to think about looming extensions for receivers Tee Higgins and Ja’Marr Chase, and quarterback Joe Burrow.
4. Houston Texans ($37.6 million)
The Texans have a new quarterback-coach combo coming in, so they could look to build along the offensive front and perhaps give their new signal-caller a weapon to work with on the outside.
Read: Packers Would Be Wise To Roll With Jordan Love In 2023
3. New York Giants ($47.9 million)
Daniel Jones and Saquon Barkley are the main questions here. Are they coming back or will the Giants try to remodel the offense on cheaper contracts at both positions?
2. Atlanta Falcons ($56.6 million)
Will the Falcons go after Lamar Jackson if he becomes available on the trade block? That would be a good way to spend money. If not, it’s time for Atlanta to get better in the trenches and perhaps add another weapon.
1. Chicago Bears ($94.4 million)
A cheap quarterback for years and holes everywhere. The Bears can literally do anything they want.
