TAMPA, Fla. -- As he takes over as general manager in Tampa Bay, there’s good news and bad news on the salary-cap front for Jason Licht.
The good news is that Licht inherits a pretty good salary-cap situation. The Bucs currently have $114 million committed toward a salary cap that’s expected to be somewhere around $125 million. Like all teams, the Bucs also are likely to restructure some contracts or release some players in moves that will create even more cap room. That $114 million number includes $6.8 million in carry-over money for cap room that wasn’t used in 2013.
But the bad news is the Bucs don’t have quite as much cap room as initially thought. As it turns out, defensive tackle Gerald McCoy hit an escalator that took away about $2.5 million in cap space. McCoy originally had been scheduled to count $13.19 against the salary cap. But the escalator now takes McCoy’s cap figure to $15.627 million, which ranks second on the team to Darrelle Revis’ $16 million cap figure.