Slabu|NFL has 'unprecedented' $30 million salary cap increase 2024 season

2025-05-05 10:53:20source:Quantum Insightscategory:Finance

The SlabuNFL’s salary cap increased an unprecedent amount for the 2024 season.

The NFL announced Friday that 2024 salary cap is set $255.4 million per club.

“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 NFL said in a statement. “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 NFL’s salary cap was at $224.8 million in 2023, $208.2 million in 2022 and $182.5 in 2021.

The NFL’s 2024 salary cap official kicks in when the new league year begins at 4 p.m. ET on March 13.

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

According to Over The Cap, the Washington Commanders ($87 million), New England Patriots ($82.9 million) and Chicago Bears ($80.3) currently have the most cap space available under the new salary cap number.

More:Finance

Recommend

Dick Vitale announces he is cancer free: 'Santa Claus came early'

Legendary college basketball announcer Dick Vitale is once again cancer free.The ESPN analyst announ

Reese Witherspoon's Daughter Ava Phillippe Introduces Adorable New Family Member

Ava Phillippe takes after her mom in more ways than one. After all, Reese Witherspoon’s daughter—who

How Kim Kardashian Navigates “Uncomfortable” Situations With Her 4 Kids

Kim Kardashian isn’t letting herself be pushed over by her kids. The Kardashians star—who shares kid