The league-wide NFL salary cap for the 2014 season will be set at $130 million, according to Adam Schefter, a significant increase over the low projection of $126 million we'd seen throughout most of the season. With $114 million in cap spend committed to the 2014 season, according to Pat Yasinskas, and a likely $6 million in salary cap rollover, the Buccaneers should have around $22 million in cap space this year.
That should give the Bucs plenty of room to sign whoever they want, and that's before several obvious salary cap cuts come through. Davin Joseph will almost certainly have to slash his $6 million, non-guaranteed salary to stay on the roster, while Jeremy Zuttah ($4.5 million), Donald Penn ($7 million), Michael Koenen ($3,3 million), Connor Barth ($2 million) are other players who could be cut or asked to take pay cuts.
A final avenue to create more cap space would be to convert some of Darrelle Revis' $16 million salary to a signing bonus, pushing his cap hits into the future. Alternatively, they could cut him and free up $16 million in space immediately, although that's very unlikely to happen.
All of that to say one simple thing: the Tampa Bay Buccaneers have the cap space to sign whoever they want to sign in free agency. That doesn't mean they'll spend heavily, and Jason Licht's focus on 'value' in free agency makes a spending spree on premium free agents unlikely, but at least cap space won't be the constraining factor. If Mark Dominik did one thing right, it's manage the cap.