The financial world of the NFL experienced a seismic change Friday afternoon. The NFL announced its 2024 salary cap will be $255.4 million for each team next season. It’s a $30 million jump from 2023’s salary cap.
The change gives way to new franchise and transition tag numbers, which will open up options for the Bucs to reclaim players during the offseason.
Tampa Bay’s 2023 All-Pro safety Antoine Winfield is one of the biggest priorities for the Bucs to sign during the offseason. Now, if Tampa Bay franchise tags the safety, it’ll cost the team $17.1 million next season.
It’s expected the Bucs will opt to franchise tag Winfield rather than signing him to a long-term deal. If tagged, he’ll receive nearly $5 million more than what he would’ve been tagged for in 2023.
So if Bucs want to use franchise tag on Antoine Winfield, it’ll cost $17.1 million for him to play in 2024: https://t.co/YnynGj9Td3
— Greg Auman (@gregauman) February 23, 2024