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NFL salary cap set at $167M, we estimate the Cleveland Browns have $101.24 million in available cap space

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Last week, the NFL confirmed that the salary cap for the 2017 season has been set at $167 million. Last year, the cap was $155.27 million, meaning this year sees an increase of $11.73 million. Back in mid-January, we projected a salary cap of $168 million, so let’s revise all of the Cleveland Browns’ cap-related figures as of today.

First, let’s take a look at this graphic released by the NFLPA, which confirms each team’s individual salary cap for 2017:

Back in mid-January, we projected the Browns’ adjusted cap space to be around $218 million, so not much has changed in terms of dollars and cents. However, Cleveland did re-sign LB Jamie Collins and a few of their special teamers while also parting ways with CB Tramon Williams and QB Josh McCown to make up the difference.

Here are the updated cap figures in a more formalized manner.

CONFIRMED BY NFLPA

NFL 2017 Salary Cap (Projected): $167.0 million
Browns' Rollover from 2016: $50.123 million
Browns' 2017 Adjusted Salary Cap: $167.0 million + $50.123 million = $217.123 million

ESTIMATED BY OVER THE CAP

Browns' Top 51 Cap Total: $109.448 million*
Browns' Dead Money for 2017: $6.432 million
Browns' Total Cap Spent for 2017: $109.448 million + $6.432 million = $115.88 million

*Note: We have opted to factor in the $1.5 million roster bonus due to LT Joe Thomas on March 13th. In addition, we have estimated the 2017 cap hit for P Britton Colquitt to be $1.5 million.

When you subtract the two subtotals above ($217.123 million - 115.88 million), we conclude that the Browns have about "$101.24 million in cap space" as of March 5th.