In addition to a team that finished 7-9 in 2012 thanks in part to a defense that ranked seventh in points allowed per game, as well as their quarterback of the future in Ryan Tannehill, the Dolphins are in a prime position to both improve their defense and surround Tannehill with weapons to help get an at times stagnant offense going.
Miami will have about $44.9 million in cap space for the 2013 off-season with 47 players already under contract (per Omar Kelly of The Sun-Sentinel). Only the Cleveland Browns (who boast $46.1 million in cap space) and the Cincinnati Bengals (who themselves have $51 million) have more money to spend this off-season than the Miami Dolphins.
This is a pretty big deal, especially when that's tied into the fact that the Dolphins also own five picks in the first three rounds of the draft, which should at the very least net Miami three starters for next season.
How did the Dolphins get to this position, other than by trading away a wide receiver and cornerback (two of the positions that free agency and the draft will have to fix this off-season)? Here's a look at a position-by-position breakdown for the Miami Dolphins.
Cap figures and salaries provided by Spotrac.com.