The NFL salary cap is projected to be about $130 million in 2014, up 5 percent from $123 million last year, ESPN's Adam Schefter reported Thursday.

The figure is higher than teams were expecting, which will provide some relief for cap-strapped organizations such as the Dallas Cowboys, Pittsburgh Steelers and New Orleans Saints.

Teams have until March 11 to get under the cap. Some teams have already started cutting players to create cap savings, as the Detroit Lions did last week in cutting safety Louis Delmas and wide receiver Nate Burleson and the Saints parting ways with linebacker Jonathan Vilma, safety Roman Harper, cornerback Jabari Greer and defensive end/outside linebacker Will Smith.