Free agency opens March 13 with one of the deepest veteran classes in recent memory.
Combined with a clause in the new collective bargaining agreement that allows teams to increase their salary cap by rolling over unused 2011 cap space into the coming year, a perfect storm is brewing that may see a record number of blockbuster deals for marquee signings.
The 2011 salary cap was set at $120 million, and the 2012 figure is likely to be fixed in the coming days in the $120-125 million range.
To give you a feel for the amount of cap room available across the league right now, the Buffalo Bills don't even make the top 10 with a $19.3 million surplus (based on the 2011 cap ceiling) to bargain with next month.
At the other end of the scale, four teams have to get under the cap by March 13—including perennial playoff contenders the Pittsburgh Steelers—with another six teams that have less than $5 million of space.
With thanks to blog site NFL Football Now for the assist—it compiled its list using data from Pro Football Talk and ESPN's John Clayton—here are the top teams with the most breathing space heading into free agency and what they might do with their money once they get there.