So according to profootballtalk's sources, the salary cap is going to be a lot larger than was expected, over 132 million. Currently we are sitting at ~125.5 mil and we have about 2.4 million that we didnt spend last year that we can roll over.
Assuming a cap of 132 million (which the cap may be larger), we would have almost 9 million to spend in FA/draft. PFT is suggesting the cap will be closer to 135 mil, meaning we would have closer to 12 mil to spend. That means we could possibly go after some bigger names for positions of need (FS/CB/WR).