2023 NFL Cap Space, By Team

The countdown to this year’s October 31 trade deadline continues, and a number of deals have already been made. More will follow in the coming days, though, as contending teams look to bolster their rosters for the stretch run and sellers seek to offload expiring contracts and gain future draft assets. Much will be driven, of course, by each squad’s financial situation.

Courtesy of Over the Cap, here’s a breakdown of every team’s cap space in advance of the deadline:

1. San Francisco 49ers: $39.89MM
2. Cleveland Browns: $33.99MM
3. Arizona Cardinals: $11.1MM
4. Cincinnati Bengals: $10.78MM
5. Tennessee Titans: $10.55MM
6. Las Vegas Raiders: $9.16MM
7. Chicago Bears: $9.06MM
8. Los Angeles Chargers: $9.05MM
9. Indianapolis Colts: $8.78MM
10. Minnesota Vikings: $7.96MM
11. Green Bay Packers: $7.55MM
12. New York Jets: $7.17MM
13. Seattle Seahawks: $7.16MM
14. Carolina Panthers: $7.07MM
15. Dallas Cowboys: $7.03MM
16. Baltimore Ravens: $6.83MM
17. Atlanta Falcons: $6.76MM
18. Detroit Lions: $6.62MM
19. Jacksonville Jaguars: $6.42MM
20. New Orleans Saints: $4.67MM
21. Buffalo Bills: $4.58MM
22. Los Angeles Rams: $4.37MM
23. Houston Texans: $4.26MM
24. Washington Commanders: $3.78MM
25. Kansas City Chiefs: $3.7MM
26. Tampa Bay Buccaneers: $3.63MM
27. Miami Dolphins: $3.49MM
28. New England Patriots: $2.87MM
29. Philadelphia Eagles: $2.81MM
30. Pittsburgh Steelers: $2.55MM
31. Denver Broncos: $1.22MM
32. New York Giants: $991K

The 49ers have carried considerable space throughout the season, but general manager John Lynch made it clear last month the team’s intention was to roll over most of their funds into next season. Still, with San Francisco sitting at 5-2 on the year, it would come as little surprise if at least one more depth addition (separate from the Randy Gregory move) were to be made in the near future.

Deals involving pick swaps for role players dominated the trade landscape for some time, but more noteworthy contributors have been connected to a potential swap recently. One of them – Titans safety Kevin Byard – has already been dealt. That has led to speculation Tennessee is open to dealing other big names as they look to 2024. Derrick Henry’s name has come up multiple times with respect to a deal sending him out of Nashville, but that now seems unlikely.

Several edge rushers are on the market, including Danielle Hunter (Vikings) and one or both of Montez Sweat and Chase Young (Commanders). Hunter nearly found himself with the Jaguars this offseason, and last year’s AFC South winners could be on the lookout for a pass rush boost. A mid-level addition in that regard would come as little surprise. In Minnesota and Washington’s case, however, it remains to be seen if they will be true sellers given their 3-4 records heading into tomorrow’s action.

A number of receivers could also be on the move soon. Both the Broncos’ pair of Jerry Jeudy and Courtland Sutton and the Panthers’ Terrace Marshall have been involved heavily in trade talk. Jeudy and Sutton are on the books at an eight figure price tag next season, and the Broncos are unlikely to receive the draft capital they could have at prior points in their Denver tenures. Marshall, by contrast, is in the third season of his four-year rookie contract and could fit more comfortably into an acquiring team’s cap situation. The Panthers have allowed him to seek out a trade partner.

The Cowboys sit in the top half of the league in terms of spending power, but mixed signals initially came out with respect to their interest in making a splash. Owner Jerry Jones has insisted Dallas will not initiate negotiations on a trade, citing his confidence in a 4-2 roster which has been hit by a few notable injuries on defense in particular. Despite having more cap space than most other teams, the Bengals are likewise expected to be quiet on the trade front.  

The past few years have seen a notable uptick in trade activity around the league, and it would come as a surprise if that trend did not continue over the next few days. Last-minute restructures and cost-shedding moves would help the teams in need of flexibility pull off moves, though sellers will no doubt also be asked to retain salary if some of the higher-paid veterans on the trade block end up being dealt. Given the spending power of teams at the top of the list, there is plenty of potential for the league’s landscape to change ahead of the stretch run to the playoffs.