Dublin had a winning start to 2007, taking the O'Byrne Cup with a 1–18 to 2–13 win over Leinster rivals Laois in the final. The 2007 NFL brought mixed fortunes for Caffrey. Dublin were defeated in their first game in Croke Park under floodlights against Tyrone and went on to narrowly defeat Limerick in the second game with a bad performance. The third game was another defeat for Dublin which was followed by a one-sided victory over Cork. Caffrey's Dublin team finished in fifth position in the national football league and were therefore relegated to Division Two for 2008.