Updated Green Bay Packers cap space ahead of 2023 NFL Draft

Aaron Rodgers' future has been the number one storyline for the Green Bay Packers this offseason, especially considering they haven't made many significant moves in free agency.

The Packers lost starters Allen Lazard, Robert Tonyan, and Jarran Reed in free agency, while other key players like Adrian Amos and Mason Crosby are still unsigned.

Ahead of the 2023 NFL Draft, which begins in a little over a week, here's an update of the Packers' salary cap situation.

Packers updated salary cap space

You may be surprised to hear that Green Bay has the fifth-most cap space in the NFL. According to Over The Cap, the Packers have $21.47 million in cap space currently.

However, it's important to keep expectations in check. While that may sound like enough room to make some free agency signings, the Packers will actually lose around $9 million in cap space once they trade Aaron Rodgers, assuming the deal is completed before June 1.

Green Bay could still make additions in free agency, although it will likely be affordable, low-risk moves like the team has already made this offseason.

The Packers' only free-agent additions this offseason (not including re-signed players) are safety Tarvarius Moore and long snapper Matt Orzech, who have a combined 2023 cap hit of $2.17 million.

How much will the Packers 2023 draft class cost?

The Packers also need to save cap room for the upcoming draft class.

Over The Cap estimates that Green Bay's 2023 rookie class will cost $11.39 million. However, it will only cost the Packers an additional $3.87 million on the salary cap as the new additions replace other players on the roster.

It's worth noting that should the Packers receive 2023 draft picks from the New York Jets in the Aaron Rodgers trade, the total cost of the draft class will likely increase slightly.