I hate to be THAT guy but... That doesn't include the money it will take to sign our draft picks. Your looking at about 15 mil. Or so in actual cash. Also, does that figure include Chandlers signing bonus + salary? (terms haven't been disclosed yet) The Bills (imo) at the very least are still are going to tender Urbik and Rienhart (or at least they should). Plus they are in talks with Scott. Now after all that- the number you have left over is used on free agents.
Buuuuuut, they can still do things such as release players to make more room under the cap and free up some cash. So I do think they can make some moves (fingers crossed).. I just wanted to point out that anyone expecting too much may be disappointed.
Personally I'm hoping for maybe one big signing (ex.jackson?) Or a couple of mid range signings like (ex. Meachum?)