Bills 2013 Salary Situation: Breaking Down Buffalo's Current Cap Status

Even after going on a bit of a spending spree in 2012, the Buffalo Bills still have plenty of capital to improve their team in free agency once again.

In fact, they ranked 10th in the league in total cap space for 2013 headed into free agency.

They won't necessarily be among the most active teams on the market, but that doesn't preclude them from getting good value.

You can already get all the news, rumors, analysis and grades for every move the Bills make, but what about the contracts themselves? Here, you'll find all the updated contract info as it becomes available, complete with analysis on how it affects the Bills salary cap situation.

Keep it locked here for constant updates on the Bills' salary-cap situation as free agency unfolds.

Estimated* Cap Space: $17,736,989 [March 22, 1:20 p.m. ET]

*This number can only be as accurate as the information given. Salary cap information is always fluid, and salary data is not always readily available. At times, this will be an approximate guess based on all available information, with Spotrac.com serving as the starting point. Spotrac will be used as frequently as possible.

Updated Signings

LB Manny Lawson: four-year, $12 million contract (according to Yahoo! Sports)

Contract Value Grade: B-

The Bills addressed a position of need and didn't have to put themselves in any kind of a bind to do so. According to the Yahoo! report, Lawson is going to make $7 million of his money in the first two years of the deal.

CB Leodis McKelvin: four-year, $17 million contract (according to The Buffalo News)

Contract Value Grade: B+

McKelvin was among the league's best return men in 2012, but does that earn him such a hefty pay day? The Bills are hoping he emerges as a starting cornerback opposite Stephon Gilmore. There are likely incentives built in, along with a way out should McKelvin not live up to their expectations. His money won't be too difficult to absorb in the short term, but may make him a cap casualty toward the end of the deal. 

Updated Releases

QB Ryan Fitzpatrick: savings of $450,000 (according to OverTheCap.com)

Cap Savings Grade: D-

On one hand, the Bills cut their starting quarterback of 2010-2012 and got just $450 thousand in cap space in return. On the other hand, their starting quarterback of 2010-2012 likely wasn't going to be their starting quarterback in 2013. By making this cut now, the Bills get to spread Fitzpatrick's $10 million in dead money out over two seasons, so they could potentially create a little more room with the move.

Erik Frenz is the AFC East lead blogger for Bleacher Report. Be sure to follow Erik on Twitter and "like" the AFC East blog on Facebook to keep up with all the updates. Unless otherwise specified, all quotes are obtained firsthand or via team press releases.