NFL Free Agency 2026: Teams with Most Salary Cap Space Ahead of Wednesday's Signings

The second day of the NFL's legal-contact window wasn't quite as wild as the first, though a few notable deals did come through the wire.

The New York Jets traded for quarterback Geno Smith, the Detroit Lions signed running back Isiah Pacheco, and the New England Patriots added wide receiver Romeo Doubs.

Bleacher Report's grades for all of Tuesday's top deals can be found here.

Free agency is just getting started, of course. The action may pick back up on Wednesday when the new league year begins and players can start making in-person visits and teams can finalize deals. As Tuesday's development regarding the Maxx Crosby trade proves, nothing is official yet.

The new league year and official start of free agency will arrive at 4 p.m. ET. As we get into Wednesday, let's take an updated look at every team's salary cap situation.

Updated Salary Cap Outlook

AP Photo/LM Otero, File

Washington Commanders $75.7 million

Los Angeles Chargers $64 million

Las Vegas Raiders: $50.9 million

Tennessee Titans $49.3 million

Seattle Seahawks $45.6 million

New York Jets $43.4 million

Arizona Cardinals $36.1 million

Cincinnati Bengals $30.5 million

Green Bay Packers $28.1 million

New England Patriots $27.8 million

Indianapolis Colts $23.7 million

Los Angeles Rams $22.3 million

Houston Texans $21.7 million

San Francisco 49ers $20.5 million

Baltimore Ravens: $20.4 million

Kansas City Chiefs $19.3 million

New Orleans Saints $19.8 million

Pittsburgh Steelers $18 million

New York Giants $17 million

Carolina Panthers $16.9 million

Denver Broncos $16.9 million

Philadelphia Eagles $13.7 million

Jacksonville Jaguars $10.8 million

Chicago Bears $10 million

Atlanta Falcons $9.3 million

Detroit Lions $5.5 million

Cleveland Browns $3.3 million

Tampa Bay Buccaneers $2.1 million

Miami Dolphins -$6.1 million

Minnesota Vikings -$9.2 million

Baltimore Ravens -$10.3 million

Buffalo Bills -$11.6 million

Dallas Cowboys -$24.3 million

*Effective cap space from Spotrac

Las Vegas Raiders

AP Photo/Ian Maule

Raiders head coach Klint Kubiak

The Las Vegas Raiders entered free agency with more projected cap space than any other team, and they made moves accordingly.

The Raiders did most of their work on Monday, bringing in the likes of center Tyler Linderbaum, wide receiver Jalen Nailor, linebacker Nakobe Dean, and linebacker Quay Walker. They also re-signed cornerback Eric Stokes and edge-rusher Malcolm Koonce.

Las Vegas didn't do as much early Tuesday, though it did send Smith to the Jets. According to ESPN's Adam Schefter, the Raiders will get a 2026 sixth-round pick in exchange for Smith and a 2026 7th-round pick.

Of course, things shifted dramatically on Tuesday evening when the Baltimore Ravens backed out of their agreement to acquire edge-rusher Maxx Crosby for a pair of first-round draft picks. According to The Athletic's Dianna Russini, medical concerns were behind Baltimore's decision.

This means that Crosby's $30 million salary is back on the books for Las Vegas. The Raiders still have no shortage of cap space, but they may need to use some of it to fill whatever need that they had planned to address with Baltimore's first-round pick.

Presumably, the Raiders will also try to find a new trade partner for Crosby—with medical concerns and a surge of early spending potentially limiting his market significantly.

Tennessee Titans

AP Photo/George Walker IV

Titans GM Mike Borgonzi

The Tennessee Titans entered the week with just under $90 million in effective cap space. They were big spenders on Monday, alongside the Raiders, adding the likes of Wan'Dale Robinson, Alontae Taylor, Cor'Dale Flott, and John Franklin-Myers.

Also like the Raiders, the Titans were largely quiet on Tuesday. However, that may change in the coming days.

We've reached the point in free agency when many teams will want to wait for in-person evaluations and medical checks. Several quality free agents remain available but some of them carry injury concerns.

Cincinnati Bengals pass-rusher Trey Hendrickson, for example, suffered a season-ending core muscle injury last season. According to CBS Sports' Jonathan Jones, Hendrickson is also looking for more money than teams are comfortable paying.

Teams may find themselves more willing to meet Hendrickson's demands if he can show that he's completely healthy.

Expect Tennessee to be very active, regardless of how the next wave of free agency looks. The Titans need to upgrade the offense around second-year quarterback Cam Ward while continuing to boost a defense that was ranked 28th in points allowed last season.

New York Jets

AP Photo/Dennis Waszak Jr.

Jets GM Darren Mougey

The New York Jets aren't at the very top of the league in terms of cap space, but they've had the money to make major moves and still have the cap space to make more.

Tuesday's trade for Smith barely made a dent in New York's cap situation. With the Raiders taking on most of Smith's salary as part of the deal, New York will owe him just $3.3 million in 2026.

The Jets have been extremely active in the early offseason. They used the franchise tag on running back Breece Hall and traded edge-defender Jermaine Johnson II for defensive tackle T'Vondre Sweat before free agency even started. On Monday, they added defensive linemen Kingsley Enagbare, David Onyemata, and Joseph Ossai, along with linebacker Demario Douglas.

Oh, and New York acquired safety Minkah Fitzpatrick in a rare in-division trade with the Miami Dolphins.

While the Raiders and Titans were largely quiet on Tuesday, New York was not. In addition to Smith, the Jets added cornerback Nahshon Wright and safety Dane Belton. They're probably not done either.