Salary cap set at $120.6 million

As many have expected for some time, the NFL salary cap will check in at $120.6 million for the 2012 season.

That is the figure Jay Glazer of Fox Sports put out earlier this weekend and now Jason La Canfora of NFL Network confirms that total. The cap total including benefits is believed to be near $142 million, according to the NFP's Andrew Brandt.

It’s been quite a wait to see where the cap would be for this season, and free agency is set to begin in just more than 48 hours on Tuesday.

With that figure, La Canfora also shared the tender levels for restricted free agents and the franchise tags.

The RFA tenders are $1.26 million, second round pick $1.927 million, first round pick $2.742 million.

The franchise tags:

Quarterback $14.436 million
Running Back $7.742 million
Wide Receiver $9.515 million
Tight End $5.446 million
Offensive Lineman $9.383 million
Defensive End $10.605 million
Defensive Tackle $7.96 million
Linebacker $8.856 million
Cornerback $10.281 million
Safety $6.212 million
Kicker/Punter $2.654 million

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Brad Biggs covers the Bears for the Chicago Tribune

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