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The 2014 NFL salary cap has been set at $133 million, a total significantly higher than most estimates.

That means the Raiders have even more money to spend. We all knew that. Exactly how much wasn’t clear until Sunday, when recent contracts were factored in. The Raiders now have $64.667 million in salary cap space heading into the start of the new league year, according to NFLPA documents and additional sources. That is by far the most in the NFL.

[RELATED: Woodson contract talks with Raiders hit a snag]

This number includes a 1-year contract signed by offensive lineman Khalif Barnes on Friday.

Documents show the Raiders as having $61.275 million in cap spending for 2014 and $9.311 million in dead money.

The Raiders had $2.432 million carryover from last year’s cap, which padded their cap number to the total mentioned above.

The team gained financial freedom after ridding themselves of bad contracts – with significant dead money as a necessary byproduct -- and signing new players to team-friendly, short-term deals over the past few years.

The team has money to spend but significant holes to fill. They have 17 players, including 10 starters, set to be unrestricted free agents on March 11. A few in that group, including tackle Jared Veldheer and defensive end Lamarr Houston, are expected to demand significant raises if they’re re-signed.

The Raiders also plan to upgrade at several positions in order to compete in a talented AFC West.