Current:Home > MarketsNFL has 'unprecedented' $30 million salary cap increase 2024 season -ValueMetric
NFL has 'unprecedented' $30 million salary cap increase 2024 season
TrendPulse Quantitative Think Tank Center View
Date:2025-04-10 12:39:54
The NFL’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.
veryGood! (16)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Angela Simmons apologizes for controversial gun-shaped purse at BET Awards: 'I don't mean no harm'
- Biden administration proposes rule for workplaces to address excessive heat
- Suki Waterhouse Details Very Intense First Meeting with Robert Pattinson
- Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
- Luke Bryan Reveals His Future on American Idol Is Uncertain
- José Raúl Mulino sworn in as Panama’s new president, promises to stop migration through Darien Gap
- Emma Chamberlin, Katy Perry and the 'no shirt' fashion trend and why young people love it
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Keith Roaring Kitty Gill buys $245 million stake in Chewy
Ranking
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- A dozen Republican-led states are rejecting summer food benefits for hungry families
- Joseph Quinn still cringes over his 'stupid' interaction with Taylor Swift
- Tired of Tossing and Turning? These 15 Products Will Help You Get the Best Sleep Ever
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- The Supreme Court ruled that Trump has immunity for official acts. Here's what happens next.
- Supreme Court rules Trump has immunity for official acts in landmark case on presidential power
- Whitney Port Gives Update on Surrogacy Journey Following Two Miscarriages
Recommendation
Boy who wandered away from his 5th birthday party found dead in canal, police say
Prosecutor won’t oppose Trump sentencing delay in hush money case after high court immunity ruling
Dutch volleyball player Steven van de Velde on Paris Olympics team 8 years after child rape conviction
US to pay for flights to help Panama remove migrants who may be heading north
Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
Fed Chair Jerome Powell: US inflation is slowing again, though it isn’t yet time to cut rates
Man accused of stabbing Salman Rushdie rejects plea deal involving terrorism charge
Darrell Christian, former AP managing editor and sports editor, dies at 75