NFL salary cap expected to go up $7 million each of next two years ; and. NFL salary cap rising by $7 million for 2008 season With free agency nearing, find out how much each NFL team is over or under the salary cap. team is under or over the $109 million salary cap as of March 2. 2006 Salary Cap Status For Each NFL Team. Updated February 12, 2007. Rank. Team. Total Cap Room. 1. San Francisco 49ers $71,500,000 $37,500,000. 2 Salary cap managers for several NFL teams say they were apprised this week that the league spending limit will rise to $116 million per franchise for the 2008 season. the NFL has its own form of free agency and now with all the salary cap problems around the NFL, players have two ways to become free agents.