The Carolina Panthers are approximately $20 million under the 2014 salary cap. Not $13 million, not $29 million -- nor any other number that has been reported and spread.
It's unclear where the $29 million figure came from, but it made the rounds and gained traction Tuesday as Carolina Panthers fans salivated facing the promise of retaining Greg Hardy, replacing Jordan Gross and signing a key free agent. That's what $29 million would have meant, but the real figure makes things a little more tricky.
OverTheCap.com is currently the most accurate source for salary info and they have the Panthers at $18.23 million under the cap. That number will be increased with cuts, including almost assuredly Charles Godfrey and possible Dwan Edwards.
Ultimately it's realistic to expect around $22 million to spend this year after cuts. That's enough to make necessary moves but it's going to be a little more tricky than expected.
UPDATE: The NFL salary cap has been raised to $132 million, which increases the available cap to $20M.