During the offseason, the top 51 players make up a team's salary cap. For the Packers, their top 50 players take up $117,541,298 of cap space. The 51st player, Jeff Saturday, is included in the formula, though the Packers get that money back as an "adjustment." With more than $7 million rolled over from 2012, the Packers have plenty of breathing room under this season's $123 million cap.
About $1.2 million of that cap space will be used on the two unsigned draft picks: first-rounder Datone Jones and second-rounder Eddie Lacy. For accounting purposes, they're listed with cap numbers of $405,000 — the league minimum for a rookie — even though they're unsigned. Last year, Nick Perry and Casey Hayward had a combined cap number of $1,965,302 — $1,185,302 more than their combined base salaries.
The Packers have eight players taking up at least $5 million in cap: Aaron Rodgers ($12 million), Jermichael Finley ($8.75 million), Tramon Williams ($8.5 million), Clay Matthews ($6.71 million), Ryan Pickett ($6.7 million), B.J. Raji (6.595 million), Josh Sitton ($5.55 million) and A.J. Hawk ($5.2 million).
All told, the Packers have 17 players with cap numbers of at least $2 million — including Sam Shields, who has not signed his restricted free agent tender of $2.023 million. Another eight players have cap numbers of at least $1 million, giving the team 25 players with cap numbers of at least seven figures.
Among the players entering their final season under contract are Pickett, Raji, Finley, James Jones, John Kuhn, Evan Dietrich-Smith, Marshall Newhouse and Morgan Burnett.
Not counting the unsigned Jones and Lacy, the Packers have 85 players under contract. Forty-five have cap numbers of less than $600,000: 10 between $506,000 and $570,000; the other 35 are less than $482,000.
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Bill Huber is publisher of Packer Report magazine and PackerReport.com and has written for Packer Report since 1997. E-mail him at firstname.lastname@example.org, or leave him a question in Packer Report's subscribers-only Packers Pro Club forum. Find Bill on Twitter at twitter.com/PackerReport.