The National Football League's salary cap is expected to be $130 million for the 2014 season, up from $123 million last season, reports ESPN's Adam Schefter.
That is a five percent increase and more than the initially projected cap of $126.3 million.
For teams over the cap, like the Dallas Cowboys, it is expected to provide some relief. Dallas is trying to figure out what to do with some players, notably linebacker DeMarcus Ware. Teams have until March 11, the start of the league year, to get under the cap.
According to Overthecap.com, the Cowboys and the Pittsburgh Steelers are the only teams currently over the salary cap, while the Oakland Raiders and Jacksonville Jaguars have the most cap room.
More from ESPN.com:
The $130 million figure is higher than teams were expecting and is welcome news for many, especially the cash-strapped Dallas Cowboys and New Orleans Saints. Cowboys executive Stephen Jones has said he wouldn't make any decisions about players' futures "'til it's time to get under the cap."