Originally posted on Grits Blitz  |  Last updated 3/12/12

ProFootballTalk.com has reported that the Falcons have only $5.8 million to spend to stay underneath the $120.6 million cap. There is a little debate as to exactly how PFT has calculated this number and whether or not this is a "guesstimate" with some contract numbers unknown. PFT is quiet on how the number is measured, potentially because they are not calculating the cap, but are simply reporting cap numbers thanks to a league source.

If true, the Falcons are out of the running for any top free agent as of this time. No Mario Williams, Carl Nicks or Ben Grubbs, but likely small name players who will work at limited reps.

Atlanta still has time to cut high priced players like Michael Turner, Ovie Mughelli, and hopefully Sam Baker. They may have not been cut yet if the front office is attempting to bring them back at significantly less money, as I believe they are all on the last year of their contracts and therefore cannot shift around money through bonuses.

If Dimitroff wants to make a run at a big name free agent, he will continue restructuring contracts of certain players to drop their cap number, similar to what the Lions are doing today and what Atlanta did with Dunta Robinson on Friday.

It should be mentioned that ESPN believed Atlanta to be "a good bit under the cap" prior to Dunta restructuring, and the Saints beat reporter is showing the Saints have a few million more than PFT reported.

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