Arizona has $17.9 million in cap space

With the NFL recently setting the 2014 salary cap at $133 million, the Arizona Cardinals can breathe a little entering free agency on March 11.

They have about $17.9 million in cap space, according to ESPN Stats & Information. That number has grown exponentially throughout the offseason, jumping from just a couple million at most right after the season to about $10 million after Larry Fitzgerald restructured his deal about a month ago.

Arizona's priorities in and approach to free agency will change with close to $18 million available this year, a number that can grow in 2015 as the salary gap is expected to increase, according to reports.

The Cardinals may be able to compete for someone like left tackle Branden Albert, who'll command more than $10 million per year, or Eugene Monroe, the former Ravens' tackle.

Arizona is carrying more than $5.75 million from last season and has $10.28 million in dead money.

The majority of that dead money is locked up in former left tackle Levi Brown, whom Arizona traded after Week 4 to the Pittsburgh Steelers and was released Wednesday, and former guard Adam Snyder.

Combined, they assume $9.5 million of the Cardinals' $10 million dead money.

Here's the list of Arizona's dead money, courtesy of ESPN Stats & Information:

Arizona may not be very active on Wednesday, Day 1 of free agency, but with more money to work with, the Cardinals aren't sweating at the neck anymore.