The NFL is projected to raise its salary cap to about $130 million, up about 5 percent from $123 million last year, league sources said Thursday.

The $130 million figure is even higher than teams are expecting or had been preparing for and will be welcome news for teams, especially ones like the Dallas Cowboys and New Orleans Saints that are cap-strapped.

Cowboys executive Stephen Jones has said that he wouldn't make any decisions about players' futures "til it's time to get under the cap."