Accordin to the latest Figures from Peter King, the Pats have 10.93m, but that doesnt include estimated cap credits.

here is a look at there saaries, from patscap.com

Player 2008
Andrews, Willie 456,625
Brady, Kyle 3,000,000
Brady, Tom 14,726,720
Cassell, Matt 513,500
Colvin, Rosevelt 7,328,000
Evans, Heath 845,000
Faulk, Kevin 3,753,720
Gostkowski, Stephen 551,250
Green, Jarvis 3,006,720
Gutierrez, Matt 375,000
Hanson, Chris 730,000
Harrison, Rodney 3,731,763
Hobbs, Ellis 665,000
Hochstein, Russ 863,334
Jackson, Chad 1,095,186
Kaczur, Nick 632,000
Koppen, Dan 3,006,720
Light, Matt 5,001,667
Lua, Oscar 310,750
Mankins, Logan 1,400,000
Maroney, Laurence 1,634,220
Meriweather, Brandon 1,400,000
Morris, Sammy 2,131,720
Neal, Stephen 3,006,720
O'Callaghan, Ryan 499,345
Richardson, Mike 316,500
Sanders, James 595,000
Seymour, Richard 6,836,720
Smith, Le Kevin 462,750
Spach, Stephen 445,000
Stallworth, Donte' 6,373,386
Thomas, Adalius 5,406,720
Thomas, David 605,187
Vrabel, Mike 3,842,720
Warren, Ty 4,615,052
Washington, Kelly 1,960,000
Watson, Ben 1,193,386
Welker, Wes 3,731,720
Wilfork, Vince 1,340,053
Yates, Billy 713,333

99,102,487
-

Dead Money Players
Anam, Larry 2,000
Baker, Rashad 45,000
Brown, Kareem 307,125
Dillon, Corey 3,845,000
Elgin, Mike 21,750
Hairston, Justise 36,667
Hilliard, Corey 33,367
Miller, Josh 200,000
Mills, Garrett 231,250
Nordin, Jake 3,334
Oldenburg, Clint 105,938
Rogers, Justin 83,500
Smith, Quinton 2,000
West, Zake 5,334


Dead Money Total 4,922,265

Grand Total 104,024,752
Projected Cap 116,134,000
Underage/Overage 12,109,248

Now these are I believe there scheduled FA’s;

CB Asante Samuel
WR Randy Moss
LB Tedy Bruschi
S Eugene Wilson
CB Randall Gay
LB Junior Seau
S Mel Mitchell
LS Lonnie Paxton
WR Jabar Gaffney
LB Larry Izzo
WR Troy Brown
Eric Alexander
Mike Wright
LB Pierre Woods
OT Wesley Britt
FB Kyle Eckel

Yet they could also save 3.6m by Turning Down Donte’ Stallworth’s Option.