NFL teams must deal with all kinds of deadlines, and there’s no more important deadline than the one which signifies the new league year. In 2024, that hits on Wednesday, March 13 at 4:00 p.m. EST. When that happens, all NFL teams must be at or under the new salary cap.
On Friday, the NFL made this statement:
The NFL announced today that the 2024 Salary Cap will be $255.4 million per club, with an additional $74 million per club payment for player benefits, which includes Performance Based Pay and benefits for retired players. Total 2024 player costs will be $329.4 million per club, or more than $10.5 billion league-wide.
The unprecedented $30 million increase per club in this year’s Salary Cap is the result of the full repayment of all amounts advanced by the clubs and deferred by the players during the Covid pandemic as well as an extraordinary increase in media revenue for the 2024 season.
This will give some teams the freedom to start stacking their boards with potential free agents, as the money is flowing. For other teams, it will be a case of despondent window-shopping as they just scramble to get under that cap number.
Per OverTheCap.com, here is how every NFL teams stands in terms of salary cap space now. Here, we are using Effective Cap Space, which is a team’s salary cap number after signing at least 51 players and its rookie class. Our list goes from the most to the least cap space available; totals in parentheses represent negative amounts.