Miami is $7.1 Million Under the Cap Right Now. Not too bad. Pretty much middle of the pack.
Full List: http://profootballtalk.nbcsports.com/2012/09/08/team-by-team-cap-space-as-of-september-7/
Full List: http://profootballtalk.nbcsports.com/2012/09/08/team-by-team-cap-space-as-of-september-7/