The NFL has sent a memo to all teams announcing that the salary cap has been set at $133M for 2014.
NFL just sent the memo out to teams: 2014 cap is $133M on the dot
— Jason La Canfora (@JasonLaCanfora) February 28, 2014
Reports on Thursday stated that the cap would likely be somewhere in-between $132M - $133M, so this figure shouldn't come as a shock to the 32 teams.