"Though the NFL has not released exact figures on the 2012 salary cap limit, all indications are that the number will remain flat this year.
That means teams can expect the salary cap to be around $120 million again.
In the case of the Green Bay Packers, that's not all bad news.
According to a source with access to NFL salary information, the Packers have $113,356,169 dedicated to their '12 salary cap, leaving them roughly $7 million to deal with free agents like TE Jermichael Finley, C Scott Wells, RB Ryan Grant and CB Jarrett Bush.
That's not a bad position to be in given that the Packers have 63 players under contract. Only the top 51 count against the cap, a total which reaches roughly $110.9 million."