NFL's salary cap has increased

BEEP!!!! BEEP!!!! BEEP!!!! That's the Brinks truck backing up. The NFL announced today that the salary cap for 2024 will be $255.4 million per club, along with an additional $74 million per club payment for player benefits, including Performance-Based Pay and retired player benefits. Across the entire league, the cost of players in 2024 will amount to $329.4 million per club, which is over $10.5 billion total. This is the largest one-year salary increase in NFL history, and teams will have to make difficult decisions about how to allocate their resources.

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 increased salary cap will allow clubs to sign more players and invest in their squads. It also allows clubs to make long-term plans and focus on developing their players. Additionally, it will give clubs more flexibility to build their rosters and build a stronger team.

The 2024 NFL Scouting Combine will take place from Monday, February 26, 2024, through Monday, March 4, 2024. After a few days, on March 13th, the 2024 League Year and Free Agency signing period will begin at 4:00 p.m., making it a very exciting time for NFL fans worldwide.