Take A Look At Teams Benefiting From 2024 NFL Salary Cap

For the 2024 season, the NFL salary cap will see a historic change.

The salary cap for each club in 2024 will be $255.4 million, the league said on Friday.

Take A Look At Teams Benefiting From 2024 NFL Salary Cap

The amount represents an extraordinary increase of nearly $30 million over the cap of $224.8 million for the previous season.

In addition to the record salary limit, each team will get an extra $74 million from the NFL for player perks, which include retired player payments and performance-based compensation. Each team’s total player spending in 2024 will be $329.4 million, or more over $10.5 billion for the whole league.

Team Cap space (Estimated)
Washington Commanders $75.2 million
New England Patriots $74.2 million
Tennessee Titans $72.5 million
Chicago Bears $68.3 million
Indianapolis Colts $68.1 million
Cincinnati Bengals $66.6 million
Houston Texans $64.1 million
Detroit Lions $55.9 million
Las Vegas Raiders $44.0 million
Arizona Cardinals $43.9 million
Tampa Bay Buccaneers $42.4 million
Los Angeles Rams $41.3 million
Carolina Panthers $38.1 million
Minnesota Vikings $32.7 million
Atlanta Falcons $32.7 million
Philadelphia Eagles $28.0 million
New York Giants $25.0 million
Kansas City Chiefs $24.9 million
Jacksonville Jaguars $20.5 million
Baltimore Ravens $14.8 million
New York Jets $10.5 million
Seattle Seahawks $7.9 million
Pittsburgh Steelers $3.7 million
Green Bay Packers $3.6 million
San Francisco 49ers -$2.5 million
Cleveland Browns -$7.4 million
Dallas Cowboys -$11.2 million
Denver Broncos -$14.5 million
Los Angeles Chargers -$31.7 million
New Orleans Saints -$44.1 million
Buffalo Bills -$45.0 million
Miami Dolphins -$46.3 million

 

Seven clubs remain above the cap with work to be done to clear the required monies to become cap compliant: Buffalo Bills, Cleveland Browns, Dallas Cowboys, Denver Broncos, Los Angeles Chargers, Miami Dolphins, and current Orleans Saints. This is the current corrected total.

In the 2024 NFL Draft, the top three clubs with the greatest cap space will get lottery selections. All three teams are in dire need of a franchise quarterback. In particular, the Chicago Bears must decide what to do with Justin Fields. The Bears will have to choose if they want to trade their current quarterback in good time and establish a price for Fields now that Caleb Williams is up for grabs.

Cincinnati Bengals, current 2024 salary-cap space: $72.8M

The Bengals are in a far better position than they were a day ago to retain top receiver Tee Higgins now that they have a little over $10 million more in their cash account. This increases the likelihood that the organization will be able to sign Higgins to a long-term contract rather than just franchise-tagging him for the current campaign.

Additionally, Cincinnati has the resources to strengthen its offensive line and better guard quarterback Joe Burrow. Additionally, the defense can be strengthened with additional players to better match up with Josh Allen and Patrick Mahomes.

Denver Broncos, current 2024 salary-cap space: -$10.7M

Though the Broncos are still above the cap, it would seem absurd to include them, bear with me. Denver started Friday morning around $30 million over the maximum, but in a matter of hours, that amount had been reduced by about $20 million.

The Broncos can free up some cap space to sign a few free agents in addition to their draft class by turning a player’s salary into a bonus, possibly rearranging a few contracts, and cutting some expensive veterans like guard Garrett Bolles ($16 million cap hit), safety Justin Simmons ($14.5 million), receiver Tim Patrick ($9 million), and defensive tackle D.J. Jones ($9.9 million).

Kansas City Chiefs, current 2024 salary-cap space: $27.7M (18th-most)

From having just $15.5 million to work with to keep both defensive lineman Chris Jones and cornerback L’Jarius Sneed, the Chiefs suddenly have $27.7 million and a strong chance of keeping both. Jones will probably be compensated as a top-five defensive lineman. Sneed, who earned $2.9 million in 2023, will receive a substantial increase after having a breakout season in 2023.

San Francisco 49ers, current 2024 salary-cap space: $834,165 (25th-most)

Apart from having around $38 million in unfilled cap space from 2023, the 49ers are in a better financial position than they were before the day began. Additionally, this will provide them greater flexibility with the cap if they can sign receiver Brandon Aiyuk to a long-term agreement, which is their objective.

 

FOR MORE SPORTS COVERAGE- 

Caitlin Clark Needs No Comparison To Validate Her Excellence, No Matter What Jay Williams Says