Tag: 2024 NFL Salary Cap

Every move the Ravens have made so far this offseason

With the 2024 NFL Draft fast approaching, we’re looking at every move the Baltimore Ravens have made this off-season

The Ravens will look drastically different on both sides of the football field after undergoing massive changes in player personnel and the coaching staff.

Baltimore signed Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore landed Derrick Henry for two years and $16 million.

However, the Ravens suffered significant free-agent losses. 

Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

With the NFL draft fast approaching, we’re reviewing every move Baltimore made this off-season.

15 biggest salary cap hits for the Ravens in 2024 after first wave of NFL free agency

With the second wave of free agency heating up and updated signings, we’re releasing the Ravens 15 biggest salary cap hits according to Over The Cap. 

Change is always good for the soul, and after a stunning loss to the Kansas City Chiefs in the AFC title game, Baltimore has undergone a dramatic reconstruction that could pay off with championship dividends.

Changes hit the defensive coaching staff as Mike Macdonald accepted the Seahawks head coaching job, Anthony Weaver became the defensive coordinator in Miami, and Zach Orr was promoted from inside linebackers coach to defensive coordinator.

Baltimore signed Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore landed Derrick Henry for two years and $16 million.

However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

With the second wave of free agency heating up and updated signings of cornerback Ka’Dar Hollman, linebacker Chris Board, and offensive guard Josh Jones, we’re releasing the 15 most significant salary cap hits according to Over The Cap.

Where do the Ravens rank in spending at each position after first wave of free agency?

We’re looking at where the Baltimore Ravens rank in positional spending after the first wave of NFL free agency

The 2024 salary cap is set at $255.4 million.

The Ravens will look drastically different on both sides of the football field after undergoing massive changes in player personnel and the coaching staff.

Eric DeCosta started the off-season with urgency, signing Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore landed Derrick Henry for two years and $16 million.

The talented running back could earn $20 million throughout the deal.

However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

The Ravens have $13,884,766 in available cap space, and they’re paying out over $113 million on the offensive side of the football.

With the second wave of free agency set to begin, we’re examining Baltimore’s positional spending ranking.

All figures are via OverTheCap.com and official NFLPA records.

Ranking all 32 teams (including the Ravens) by cap space after first wave of free agency

The Baltimore Ravens $14,074,766 ranks 24th in the NFL in available salary cap space after the first week of NFL free agency

The 2024 salary cap is set at $255.4 million.

Baltimore will look drastically different on both sides of the football field after undergoing massive changes in player personnel and the coaching staff.

Eric DeCosta started the off-season with urgency, signing Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore seemed to win the first wave of the free agency period after getting Derrick Henry for two years and $16 million.

The talented running back could earn $20 million throughout the deal. However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

With the second wave of free agency set to begin, we’re looking at an updated ranking of salary cap figures for all 32 NFL teams.

All figures are via OverTheCap.com and official NFLPA records.

Ravens’ biggest winners from NFL raising the 2024 salary cap to $255.4M

We’re looking at the Baltimore Ravens biggest winners from the NFL raising the salary cap to $255.4 million

The 2024 NFL offseason is underway for Baltimore, and the Ravens’ focus will shift to reshaping the roster on both sides.

The NFL announced a massive $30.6 million increase from 2023, under the original salary cap set in 1994 of $34.6 million.

The 2024 cap is officially $255 million, and where things currently stand, Baltimore is expected to have roughly $18,538,828 available, according to Over The Cap.

The Ravens are set to have 26 pending free agents, and with another likely retool schedule on defense, the organization could conjure up a scheme for more flexibility.

With the added cap space now official, we’re looking at the biggest winners from the news.

Ranking all 32 teams (including the Ravens) after NFL sets 2024 salary cap at $255.4M

After the NFL announced a $255 million ceiling, the Baltimore Ravens are 20th in salary cap space with $18.5 million

The 2024 NFL offseason is underway for Baltimore, and the Ravens’ focus will shift to reshaping the roster to fit two new coordinators on both sides of the ball.

The NFL announced a massive $30.6 million increase from 2023, under the original salary cap set in 1994 of $34.6 million.

The 2024 cap is officially $255 million, and where things currently stand, Baltimore is expected to have roughly $18,538,828 available, according to Over The Cap.

The Ravens are set to have 26 pending free agents, and with another likely retool schedule on defense, the organization could conjure up a scheme for more flexibility.

By making these six moves, Baltimore can easily create $51 million in cap space.

Look at how all 32 teams rank regarding available cap space, with March fast approaching via Over The Cap’s updated calculations.

Salary cap space for every NFL team coming into the 2024 season

The 2024 NFL salary cap has been set at $255.4 million per club, so let’s look at how every team stands in terms of cap space for the 2024 league year.

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.

The NFL’s top 101 free agents in 2024

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.

NFL reveals official unprecedented COVID-rebound salary cap figure for 2024 season

As Steelers great Antonio Brown likes to say, “Business is booming!”

The NFL announced the official salary cap number for the 2024 season, and let’s just say business is booming.

The $255.4 million figure is a $30.6 million increase from the previous $224.8 million record set in 2023. The bump represents the most significant year-to-year increase in total money in free agency history.

Per NFL communications, there’s “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.”

The Pittsburgh Steelers and 31 other clubs were budgeting for a cap in the low-to-mid $240s as recently as last week, as they generally lean on the conservative end of projections to be on the safe side.

According to ESPN’s Brooke Pryor, the Steelers were close to being cap-complaint with the recent releases of Mitch Trubisky and Chuks Okorafor. The cap bump “more than solves that problem.”

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Ranking all 32 teams (including the Ravens) by cap space going into 2024

We’re ranking all 32 team NFL teams , including the Baltimore Ravens by salary cap space ahead of the 2024 offseason

The Ravens season ended shockingly, after last Sunday’s 17-10 loss to Kansas City in the AFC Championship.

With the defeat, Baltimore faces an offseason of change after Mike Macdonald bolted for the Seahawks job and 20+ free agents, headlined by Patrick Queen and Justin Madubuike.

With the season officially a wrap, we’re look at how all 32 teams rank regarding available cap space entering February.

All cap space figures are courtesy of Over The Cap and will be adjusted once all likely-to-be-earned and unlikely-to-be-earned incentives are adjusted.