yes, we have 40m based on the 208m, with 49 active players. That's tremendous
Yes, strong.
Keep in mind a few things though:
1. That's the ceiling, not the floor. Most analysts I've seen don't expect the 2022 cap to be that high, though we are all expecting full revenue from stadium/ticket sales this year, so who knows. Considering there's still unrecognized deficit from the 2020 revenue shortage, it wouldn't surprise me to see Owners and possibly even the NFLPA have a lower than this # cap hit in 2022, to largely wipe that out. Especially if 2021 is a strong revenue year.
2. While we don't have a ton of notable free agents in 2022, there's probably three that stick out... Andrews, Bozeman, and Ricard. Ricard won't be expensive, but the other two, if they perform well like they usually have, likely will be. Combined, they could easily account for $10-15M of that cap space just to retain. Lamar is obviously the wildcard. While he carries a $23M cap hit next year, there aren't many extensions I would want to see him get that would lower that number. And in fact, I would hope it would jump substantially, probably to at least $30-35M, so as not to backload those deals unnecessarily.
So just retaining three key players and extending Lamar could easily cost us more than half of our cap space. Marcus Peters will also be in the final year of his deal, meaning if we're planning to keep him beyond 2022, he'd likely be an extension candidate as well.
3. For context... $40M in cap space would put us around average, league-wide. It seems like a lot of money, but there will be many, many, many teams with a lot of money to spend.
Two of our division rivals, the Bengals and Steelers, have $59M and $77M in available cap currently also, and they have a good chunk of players under contract. Pittsburgh has no QB of note under contract, but if they draft one, they can sign/re-sign literally anybody they want and still acquire a bunch of good players.
Indianapolis, NY Jets, Miami, Denver, LA Chargers, Raiders, and Broncos all have a very large chunk of money.
So for perspective, we're in a good spot, but so are a lot of teams around the league. There's only about a half dozen teams that are in a tough spot.