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.

NFL free agency: Looking at the Ravens history with the franchise tag

With 27 pending free agents and several key players looking for big money, we’re taking a look at the Baltimore Ravens’ history with the NFL franchise tag

When the Chiefs Super Bowl parade was completed, the NFL world started to focus on 2024 entirely and the critical offseason that awaits.

As teams around the league prepare for the NFL scouting combine, the franchise tag window opens on Tuesday and closes on March 5.

Any unrestricted free agent not tagged in that period will be able to sign with any suitor when the new league year and free agency opens on March 13. (The negotiating period, when teams can reach out to agents of potential free agents to start talks, begins March 11.)

Lamar Jackson was among six players tagged last year, with two, including defensive tackle Daron Payne (Giants) and tight end Evan Engram (Jaguars) signing long-term extensions.

The 2024 salary cap hasn’t been set yet, but it’s expected to land north of $240 million, according to NFL Network’s Ian Rapoport and Tom Pelissero.

Baltimore has a long history of tagging players and getting a deal done at a later date. They have done so with five of their previous seven franchise-tagged players.

With the new league year fast approaching and Justin Madubuike or Patrick Queen likely candidates for the designation, we’re looking at the Ravens’ history with the franchise tag.