Our Clients:

Field Level Media - Professional sports content solutions | FLM

Feb 23, 2024 2:12 pm

NFL salary cap rises to record $255.4M

nfl shield

The 2024 salary cap surged to a record $255.4 million per team, up more than $30 million from last season.

The NFL made the massive increase official on Friday and announced each club will have $74 million for player benefits, which includes both money for performance incentives and benefits for retirees to raise the total player personnel spending to $329.4 million per team.

Teams had a salary cap of $224.8 million in 2023 and projections of a cap limit around $240 million were off by more than 50 percent. The increase in spending is due to new media deals as well as a finalizing of the books to remove advances and deferrals necessitated by the pandemic from the league ledger.

With the new cap set, only six teams were over the salary cap for 2024 as of Friday. That includes the New Orleans Saints, who have a league-high $321 million on the books for player contracts in 2024.

The Washington Commanders have nearly $100 million and a league-high cash surplus factoring in the $30 million increase for the 2024 cap.

Teams had been operating under the estimation that they would see a salary cap increase of around $14 million.

Clubs have until the start of the new league year — March 13 at 4 p.m. — to get under the salary cap.

The cap has risen annually since 2011, except for 2021, as the league prioritized recovery from the pandemic, including loss of live attendance gate and concessions profits.

In 2011, the cap was $120.37 million. It crossed the $200 million barrier in 2022 at $208.2 million.

The NFL also released what clubs must pay players should the teams use the franchise tag or the transition tag, per position.

Franchise tag:
Quarterback: $38.3 million
Running back: $11.9 million
Wide receiver: $21.8 million
Tight end: $12.7 million
Offensive lineman: $21 million
Defensive end: $21.3 million
Defensive tackle: $22.1 million
Linebacker: $24 million
Cornerback: $19.8 million
Safety: $17.1 million
Kicker/punter: $6 million

Transition tag:
Quarterback: $34.4 million
Running back: $9.8 million
Wide receiver: $19.8 million
Tight end: $10.9 million
Offensive lineman: $19 million
Defensive end: $19.1 million
Defensive tackle: $18.5 million
Linebacker: $20 million
Cornerback: $17.2 million
Safety: $13.8 million
Kicker/punter: $5.4 million

–Field Level Media

You may also like

jake sanderson
Apr 3, 2025 9:57 pm

Senators hold off Lightning, inch closer to playoff berth

Defenseman Jake Sanderson hit double figures in goals for the second straight season, and the Ottawa Senators bolstered their playoff chances by ousting the visiting Tampa Bay Lightning 2-1 on…

magic
Apr 3, 2025 9:55 pm

Paolo Banchero’s big performance sends Magic past Wizards

Paolo Banchero scored 33 points and grabbed a career-high 18 rebounds while leading the Orlando Magic to a 109-97 win over the host Washington Wizards on Thursday. Banchero made 11…

bucks
Apr 3, 2025 9:41 pm

Giannis Antetokoumpo’s 35-20-17 night powers Bucks past 76ers

Giannis Antetokounmpo put forth a monster triple-double with 35 points, a career-high 20 assists and 17 rebounds to lead the Milwaukee Bucks to a 126-113 victory over the host Philadelphia…

More News News

jake sanderson
Apr 3, 2025 9:57 pm

Senators hold off Lightning, inch closer to playoff berth

Defenseman Jake Sanderson hit double figures in goals for the second straight season, and the Ottawa Senators bolstered their playoff chances by ousting the visiting Tampa Bay Lightning 2-1 on…

magic
Apr 3, 2025 9:55 pm

Paolo Banchero’s big performance sends Magic past Wizards

bucks
Apr 3, 2025 9:41 pm

Giannis Antetokoumpo’s 35-20-17 night powers Bucks past 76ers

cincinnati wes miller
Apr 3, 2025 9:39 pm

Darius Johnson’s 31 power UCF past Cincinnati in Las Vegas

dylan holloway
Apr 3, 2025 9:23 pm

Blues C Dylan Holloway (lower body) exits vs. Penguins

Read all
fb-post
advertisment
title-icon

Upcoming events

See all odds