How much cap space does each NFL team have currently?

Miami Dolphins Cap Space: $63.81 million
New York Jets Cap Space: $48.20 million
New England Patriots Cap Space: $8.33 million
Buffalo Bills Cap Space: -4.95 million

As the Bills look to remain one of the NFL's elite teams, they'll need to do some financial maneuvering this offseason. Cole Beasley, Mitch Morse and A.J. Klein could all be cap casualties.

Cincinnati Bengals' Cap Space: $57.31 million
Pittsburgh Steelers' Cap Space: $31.21 million
Cleveland Browns' Cap Space: $25.01 million
Baltimore Ravens' Cap Space: $8.77 million

Joe Burrow will become eligible for a new contract after the 2022 regular season, but for now, the Bengals have the third most cap space in the NFL and would be wise to make major investments on their offensive line.

Jacksonville Jaguars' Cap Space: $59.25 million
Indianapolis Colts' Cap Space: $37.38 million
Houston Texans' Cap Space: $17.56 million
Tennessee Titans' Cap Space: -$7.17 million

Deshaun Watson will make $35 million in 2022, so it goes without saying that general manager Nick Caserio and the Texans are especially motivated to reach a resolution with Watson this offseason.

Los Angeles Chargers' Cap Space: $56.30 million
Denver Broncos' Cap Space: $38.05 million
Las Vegas Raiders' Cap Space: $20.54 million
Kansas City Chiefs' Cap Space: $3.45 million

The Chargers are in a division where both the Chiefs and Raiders made the playoffs and the Broncos are a star quarterback away from potentially being Super Bowl contenders. As they look to keep up in the most loaded division in the NFL -- while also knowing that a long-term deal for Justin Herbert isn't far off -- the Chargers would be wise to reach a new contract with wide receiver Mike Williams, who had 76 catches for 1,146 yards in a walk year.

Washington Commanders' Cap Space: $31.90 million
Philadelphia Eagles' Cap Space: $21.53 million
New York Giants' Cap Space: -$12.02 million
Dallas Cowboys' Cap Space: -$21.45 million

OverTheCap.com currently lists the Cowboys as being $21 million over the salary cap ahead of the new league year. Dallas will have to restructure some deals, make some tough decisions in regards to their free agents, and may even have to release or trade some of their bigger contributors.

With the $21 million dollar deficit on the cap in mind, here's a look at some of the players the Cowboys could be eyeballing as a way to reduce their cap burden.

Chicago Bears' Cap Space: $28.65 million
Detroit Lions' Cap Space: $22.74 million
Minnesota Vikings' Cap Space: -$15.34 million
Green Bay Packers' Cap Space: -$50.79 million

The Packers may be "all-in" on Aaron Rodgers for 2022, but they are going to have a hell of a team convincing the four-time NFL MVP that they'll be able to put a championship-caliber team around him next season given their cap situation. Two-time All-Pro wide receiver Davante Adams, Rodgers' favorite target, is set to become a free agent.

Carolina Panthers' Cap Space: $16.58 million
Tampa Bay Buccaneers' Cap Space: $3.08 million
Atlanta Falcons' Cap Space: -$7.32 million
New Orleans Saints' Cap Space: -76.00 million

Sean Payton probably was burned out in New Orleans, but his decision to walk away was made easier by the fact that the Saints have the worst cap situation in the NFL. Taysom Hill will carry a $12.33 million hit in 2021, but the Saints would be left with $19 million in dead cap money if they released him before June 1. It's entirely possible Michael Thomas has played his last game with the Saints, but if they trade the former All-Pro wideout before June 1, he'll leave them with $22.7 million in dead cap money next season. 2022 projects to be a lean year for Mickey Loomis, Dennis Allen and the Saints.

Seattle Seahawks' Cap Space: $36.44 million
Arizona Cardinals' Cap Space: -813,256
San Francisco 49ers' Cap Space: -4.48 million
Los Angeles Rams' Cap Space: -17.80 million

Even if Andrew Whitworth retires, Les Snead will have his work cut out trying to retain Von Miller and Odell Beckham Jr., two major in-season additions that helped the Rams to win Super Bowl LVI.