I think right now we are about 20 million under the adjusted cap of 134.889 million (BEFORE Eric Green signing). Jake Long's contract went up due to incentives/escalators and Allen's went up a million. We should be around 13 million under.
Take away 6 mil for rookies and about 2 mil to carry through the season for emergency signings and we have about 5 mil to spend if we wanted to.
There IS a salary cap floor, but we are above it. We will start to trim down our roster after the draft. The big date is June 1st for cuts.
Cutting Wilford wouldnt save us money and would cost us dead cap. Cutting late round rookies usually doesnt save much money at all. Murphy counts for under 500k against the cap. His replacement would probably cost around the same amount. Same with Wright and Dotson. All those guys are good to keep around because they are very inexpensive. If we released any of them and had to sign a FA replacement, the replacement would probably cost just as much, if not more, then they already do.