1) Jacksonville Jaguars: $73,312,314 under the cap
With arguably the most dynamic young skill position players in the NFL; including quarterback Blake Bortles, wide receivers Allen Robinson and Allen Hurns, the Jaguars have the most cap space in the NFL to begin building a comparable defense for head coach Gus Bradley this offseason. Look out, AFC South.
Because the NFL salary cap has increased by nearly $10 million per-season in recent years, there should be roughly $1 billion in free cap space available for teams to spend when the market opens on March 9.