According to our friends at
Over the Cap, here is a ranking of current cap space available. Teams in bold are ones that may subjectively be considered to be contenders.
$28,658,569 --- Jaguars .... not a contender, no proven top tier QB
$25,586,835 --- Browns .... not a contender, no proven top tier QB
$23,785,890 ---
Bengals .... contender; QB is Andy Dalton
$22,517,219 --- Jets ........ not a contender, no proven top tier QB
$19,545,426 --- Titans ..... not a contender, no proven top tier QB
$19,428,064 ---
Eagles ..... contender; QB is Nick Foles
$16,012,090 --- Dolphins ... probably not a contender; Tannehill is QB
$13,933,708 ---
Colts ...... contender; don't usually pay big bucks for free agents
$13,646,452 ---
Packers ... contender; don't usually pay big bucks for free agents
$10,446,845 --- Bucs ...... probably not a contender; Josh McCown is QB
$10,346,575 --- Chiefs ... contender; Alex Smith is QB
$10,269,924 --- Cowboys .. probably not a contender
$9,505,972 ----
Seahawks ... contender; QB is Russell Wilson
$9,266,023 ---- Raiders ... not a contender, no proven top tier QB
$9,081,024 ---- Falcons ... may not be a contender; QB is Matt Ryan
$8,706,194 ---- Texans ... n/a
$8,486,757 ---- Cardinals .. probably not a contender in NFC West
$7,789,293 ---- Bills ....... not a contender, no proven top tier QB
$7,720,258 ---- Vikings ... not a contender, no proven top tier QB
$7,490,244 ----
Patriots .. contender, but cap space could be issue
$6,894,422 ---- Giants .... may not be a contender; cap space
$6,801,380 ----
Steelers ... may be a contender; cap space; not big FA players
$6,113,727 ----
49ers ..... contender, but cap space could be issue
$6,052,576 ----
Panthers .. contender, but cap space could be issue
$5,572,960 ----
Bears ..... contender, but cap space could be issue
$4,741,606 ----
Ravens ... may be a contender; cap space could be major issue
$4,616,320 ----
Broncos ... contender; cap space could be major issue
$2,527,934 ----
Chargers ... cap space is a huge issue, eliminating them
$2,472,256 ---- Redskins ... cap space is a huge issue
$1,870,864 ---- Rams ...... not a contender; cap space is a huge issue
$1,588,821 ----
Saints ..... cap space is a huge issue
$406,300 ------ Lions ...... cap space is a huge issue
With that in mind, let's narrow the field:
$23,785,890 ---
Bengals
$19,428,064 ---
Eagles
$13,933,708 ---
Colts
$13,646,452 ---
Packers
$9,505,972 ----
Seahawks
$7,490,244 ----
Patriots
$6,801,380 ----
Steelers
$6,113,727 ----
49ers
$6,052,576 ----
Panthers
$5,572,960 ----
Bears
$4,741,606 ----
Ravens
$4,616,320 ----
Broncos
I'm guessing that the Broncos, Ravens, Bears, Panthers and 49ers are out of the running due to their cap position. While it is true that DeSean Jackson's cap hit is only $4,250,000 this year, that is possible in large part due to his age. He's only 27, and his cap number jumps up to $9,250,000 next year. It becomes more problematic to back load a contract with signing bonuses over four years for a receiver who is 32 years old.
Next, I would eliminate the Colts, Packers and Steelers because historically they have been teams that will rarely pay big money for a veteran free agent.
That leaves the following clubs:
$23,785,890 ---
Bengals
$19,428,064 ---
Eagles
$9,505,972 ----
Seahawks
$7,490,244 ----
Patriots
Cincinnati has the most cap space, and Johnson would be a huge upgrade over Marvin Jones and Mohamed Sanu opposite AJ Green. Although the Bengals have made the playoffs three straight years, they haven't won in the post-season since 1990. To get an idea of how long that has been, their playoff opponents that year were the Houston Oilers and the Los Angeles Raiders. On top of that, Johnson's beef is uncertainty at quarterback; Dalton is not an elite quarterback, and he may not be back next year, which could put Johnson right back in the same situation.
The Eagles have the cap space to maneuver, but do they want to spend it on an unhappy wide receiver after they just dumped DeSean Jackson? On the other hand an offense that had Johnson, Jeremy Maclin and Riely Cooper at wide receiver, with Brent Celek at tight end and LeSean McCoy and Nick Sproles in the backfield would be a dream come true for an offensive player.
Seattle has enough cap space to make it happen, but their DNA is defense first and foremost. Johnson would give the Seahawks some insurance at the position if Percy Harvin were to miss time again, and if all are healthy then those two plus Doug Baldwin would open things up for what they really want to do - hand off to Marshawn Lynch.
The Patriots may have made it to the final round, but they would have to be considered a longshot within this group. The Pats may have the best quarterback and best offense of these four teams, but they also have the least amount of cap space. The team has had mixed results in terms of signing a veteran wide receiver: for every player like Randy Moss or Wes Welker that worked out, there is a Chad Johnson, Joey Galloway, Greg Lewis, Doug Gabriel, Dedric Ward, Andre' Davis, etc. I'm not convinced that Bill Belichick would be willing to give Johnson a big contract and risk a relatively large amount of money and cap space on an older player that may or may not fit in with the team's style of offense. Even though Johnson has still been extremely productive (109 receptions for 1,407 yards last year), receivers tend to hit the wall very quickly right about his age.