ColtFreaks.com - Indianapolis Colts Fan Forum - NFL increases salary cap to $255.4M for 2024 season

https://twitter.com/RapSheet/status/1761085725888626975

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Salary cap news:

The NFL announced that the 2024 Salary Cap will be $255.4M per club, with an additional $74M per club payment for player benefits, which includes Performance Based Pay and benefits for retired players. Total 2024 player costs will be $329.4M per club, or more than $10.5B league-wide.

The unprecedented $30M 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 pandemic as well as an extraordinary increase in media revenue for the 2024 season.

https://twitter.com/DanGrazianoESPN/...88572734501019

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Teams were working with a projected salary cap in the range of $242-$245 million.

Cap being announced at $255.4 million should be a game-changer for free agency.

Cap numbers over the years:

2011: $120.4MM
2012: $120.6MM
2013: $123.6MM
2014: $133MM
2015: $143.3MM
2016: $155.3MM
2017: $167MM
2018: $177.2MM
2019: $188.2MM
2020: $198.2MM
2021: $182.5MM
2022: $208.2MM
2023: $224.8MM
2024: $255.4MM