Yep. The cap was supposed to go up, but now that the CBA hasn't been extended it is not, so it is wrecking havoc on some teams. The Washington Redskins in particular are going to be gutted over this.
The teams that will benefit from this include Minnesota, Green Bay, San Francisco, Cleveland & Arizona. All of them are well under the cap in a free agent market where half the teams won't be able to bid at all due to the cap situation.