Salary cap for 2016 expected to be between $150M and $153.4M

The 2016 NFL salary cap could increase by more than $10 million, sources told ESPN NFL Insider Adam Schefter.

League officials informed teams at this week's owners meetings that the salary cap for next season will be between $150 million and $153.4 million, sources told Schefter.

The 2015 salary cap was set at $143.28 million. There are currently three teams that would be over a $150 million salary cap for next season: the Miami Dolphins, the New Orleans Saints and the Buffalo Bills.

The Dolphins would be more than $4.9 million over that projected cap number, while the Saints would be close behind at more than $4.6 million, according to salary information obtained by ESPN.

The Bills would be less than $1 million over that figure.

The Oakland Raiders would have the most available cap space at more than $73 million, followed by the Chicago Bears at more than $56 million.

The salary cap has increased by $10 million in both of the past two seasons.