Current:Home > FinanceNFL has 'unprecedented' $30 million salary cap increase 2024 season -Summit Capital Strategies
NFL has 'unprecedented' $30 million salary cap increase 2024 season
PredictIQ Quantitative Think Tank Center View
Date:2025-04-07 19:22:44
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! (5193)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Why Asian lawmakers are defending DEI and urging corporate America to keep its commitments
- Love is in the air! Chiefs to celebrate Super Bowl 58 title with parade on Valentine's Day
- Skip candy this Valentine's Day. Here are some healthier options
- The White House is cracking down on overdraft fees
- Judge rules that restrictions on after-hour drop boxes don’t keep Floridians from voting
- San Francisco mayor’s race heats up with another challenger to London Breed
- Kentucky attorney general files lawsuit alleging Kroger pharmacies contributed to the opioid crisis
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- New Mexico officer stabbed to death while on duty before suspect is shot and killed by witness, police say
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Meghan Markle Inks New Podcast Deal Less Than One Year After Parting Ways With Spotify
- DoorDash to gift $50,000 home down payment, BMW in Super Bowl giveaway
- Travis Kelce Thanks Taylor Swift for Making It “Across the World” During Heartfelt Super Bowl Exchange
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Jon Stewart returns to host 'The Daily Show': Time, date, how to watch and stream
- One dead, five injured in shooting at a New York City subway station. Shooter is at large
- The Easiest Makeup Hacks for Your Valentine’s or Galentine’s Day Glam
Recommendation
Bodycam footage shows high
Love (and 460 million flowers) are in the air for Valentine’s Day, but not without a Miami layover
Taylor Swift and Travis Kelce pack on the PDA. We can't stop watching.
Jon Stewart's 'Daily Show' return is so smooth, it's like he never left
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Kaia Gerber Shares Why She Keeps Her Romance With Austin Butler Private
King Charles III returns to London from country retreat for cancer treatment
Officials are looking into why an American Airlines jetliner ran off the end of a Texas runway