All offseason, sites such as Over The Cap and Spotrac projected the 2024 salary cap to be set around $242 million. That was merely an estimation, and on Friday, the NFL set the actual salary cap much higher than anticipated.
The 2024 cap is set at $255.4 million, up more than $30 million from last year’s cap of $224.8 million. It’s also about $13 million more than anticipated, which is excellent news for the Rams and every other team. That gives them more money to spend this offseason as they look to get back to the Super Bowl.
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.
— Tom Pelissero (@TomPelissero) February 23, 2024
Under the estimation of $242 million, the Rams were projected to have about $32.6 million in cap space after cutting Brian Allen. Now, that figure will rise to $46 million for Los Angeles, a hefty amount with free agency coming up in March.
According to Over The Cap, the Rams have the 11th-most cap space of any team in the NFL right now and they can create even more room by making a few other moves.