From Mike Florio of PFT:
"Reports have put the salary cap as high as $132 million for 2014, the same source has said, once again, it will be higher.That would help the Giants greatly, who are not only looking to score several big name UFAs bus are also trying to re-sign several of their own free agents (i.e. Linval Joseph) this spring.
Per the source, the cap could be a “few million” higher than $132 million. If this means $3 million more than reported, the cap could be as high as $135 million. That would amount to an 9.75 percent increase over last year, the biggest spike by far since the 2011 labor deal was negotiated."