The San Francisco 49ers will be in better shape financially this offseason than originally anticipated. On Friday, the NFL announced that the 2024 salary cap has been set at $255.4 million – a rise of more than $30 million from last year to a new record high.
That amount is about $13 million more than Over The Cap and Spotrac were anticipating, so the 49ers are actually just under the cap instead of being over by about $14 million.
According to Over The Cap, the 49ers have about $834,165 in available cap space right now, the eighth-lowest amount in the NFL. Commanders lead the NFL in cap room with about $87 million as of now.
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
Trent Williams is slated to have the largest cap hit on the team at $31.6 million, followed by Deebo Samuel ($28.6 million) and Arik Armstead ($28.3 million).