Adam Teicher reports that the Chiefs currently stand at $99.5 million in the salary cap and $119 million in cash spending. Yes, teams routinely spend more in cash than their salary cap says. Teicher says the full report with more details is coming in Saturday's KC Star.
So that puts the Chiefs $20.9 million under the salary cap and if you include the $3 million exception available, the true cap space is $23.9 million.
How does this compare to last year? GM Scott Pioli spilled the beans in his back to football press conference that the Chiefs spent $110 million in cash last year and, reportedly, the Chiefs salary cap was at or near the bottom of the league (depending on which numbers you use). A league source told me a few weeks ago that, while the Chiefs ranked at the bottom of the league in salary cap last year, they were closer to the middle of the pack in cash spending.
Pro Football Talk reported that, as of Thursday, the Chiefs were $28.4 million under the salary cap, a number that included the $3 million exception. We're not sure if those numbers included deals for LB Tamba Hali and FB Le'Ron McClain.