It does? I have their cap room at $10.3 mil next year (Cousins, Gay, Landry, Thompson, Collison, McLemore, Stauskas, Sessions, McCallum, & Moreland = $56.2 mil --> $66.5 mil salary cap - $56.2 mil payroll = $10.3 mil in cap space).
I guess if you don't want to pick up McLemore's team option and waive McCallum & Moreland, you would have $15.3 mil in cap space, but I don't see them doing that. Do you?