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The NFL has officially set its 2024 salary cap at $255.4 million per team, which is up a massive $30.6 million from the 2023 season.
That increase stems as a result of the full repayment of all amounts advanced by clubs and deferred by the players during the COVID pandemic, per NFL Network’s Tom Pelissero, as well as an increase in media revenue for 2024. There will be an additional $74 million per club for player benefits, including Performance Based Pay and benefits for retired players.
This massive increase not only benefits all 32 NFL clubs, but it’ll benefit players at premium positions, as teams will have even more money available to sign players to lucrative long-term extensions.
Here’s a look at every NFL team’s salary cap space after the 2024 salary cap was set: