NFL announces historic jump in salary cap for 2024

buckeyepackfan
Veteran Member Topic Starter

2 months ago

Earlier this afternoon, the NFL announced that 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 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.

Now, before Packers fans start having images of high priced free agents suddenly being on offer next month remember two things:

1. They're still the Packers, and will operate accordingly.

2. Every other team has the benefit of this increase.

That said, it will be interesting to see how the Packers approach an offseason that should certainly open up a few opportunities when it comes to not only filling a roster hole or two in free agency, but locking up and extending some of their own guys.

Teams have until 4 p.m. et on March 13th, when the new league year begins, to get under the salary cap before the free agency period officially opens, with the "legal tampering" period beginning March 11th.

As for where the Packers currently stand cap-wise, [URL=https://twitter.com/KenIngalls/status/1761090456723525841" target="_blank]Ken has you covered[/URL]:

Without adjusting for the estimated increases for ERFAs, draft picks, or their proven performance escalators.

I now have the Packers at $2.8M under the cap today, while effectively being $15.5 over the cap for the start of the season.

— Ken Ingalls - Packers Cap 💰 (@KenIngalls) February 23, 2024

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wpr
Preferred Member

2 months ago

A few years ago it was rumored there was going to be a large jump in the cap. Looks like it is finally here. Probably means they can keep Bak if they want to.

Zero2Cool
Elite Member

2 months ago

Every year it's about 10% increase, isn't it? The 2020 and 2021 seasons were probably different though.

wpr
Preferred Member

2 months ago

Every year it's about 10% increase, isn't it? The 2020 and 2021 seasons were probably different though.

Originally Posted by: Zero2Cool

I think the media compensation package is a factor as well.

Zero2Cool
Elite Member

2 months ago

Looks like normally it's under 10% jump from year to year.
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Martha Careful (14h) : Packers looking to trade up

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Nonstopdrivel (17h) : It rhymes with "bag."

beast (26-Apr) : Family? That's Deadpool's F word

Nonstopdrivel (26-Apr) : Not THAT f-word.

Zero2Cool (26-Apr) : fuck

beast (25-Apr) : 49ers are Cap Tight

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TheKanataThrilla (25-Apr) : GoPackGo Thinking CB is the pick tonight

TheKanataThrilla (25-Apr) : Anyone hanging out in the chat tonight?

Zero2Cool (25-Apr) : whoa...49ers have had trade conversations about both Deebo Samuel and Brandon Aiyuk

Zero2Cool (25-Apr) : I hope they take a Punter at 9th overall. Be bold!

Mucky Tundra (25-Apr) : I may end up eating those words but I think they need a lot more talent then their 4 picks can provide

Mucky Tundra (25-Apr) : I really hope they stand pat and Draft a WR

Mucky Tundra (25-Apr) : @DMRussini

Mucky Tundra (25-Apr) : The Chicago Bears are very open for business at 9 and telling teams they are ready to move for the right price, per source

buckeyepackfan (24-Apr) : Lions extend Penei Soul 4yrs - 112mil

buckeyepackfan (24-Apr) : Lions extend St. Brown 4 years 120mil and

Mucky Tundra (24-Apr) : Now look, trading up to 13 to take a TE might not seem like a good idea later but it will be later!

dfosterf (24-Apr) : (Your trade up mock post)

dfosterf (24-Apr) : Mucky- The only thing fun to watch would be me flipping the f out if Gute goes up to 13 and grabs Brock Bowers, lol

beast (24-Apr) : DT Byron Murphy II, Texas... whom some believe is the next Aaron Donald (or the closest thing to Donald)

Zero2Cool (24-Apr) : What? And who?

Mucky Tundra (24-Apr) : *sad Mucky noises*

Mucky Tundra (24-Apr) : @JoeJHoyt Murphy said he’s been told he won’t slide past pick No. 16.

wpr (23-Apr) : Just about time to watch Sonny Weaver stick it to the seahags. I never get tired of it.

Martha Careful (23-Apr) : *game plan

Martha Careful (23-Apr) : IMHO, not even close. He is not a guy you game play around.

Mucky Tundra (23-Apr) : is Aiyuk worth a 1st rounder?

Zero2Cool (23-Apr) : 49ers are seeking a 1st round pick in exchange for WR Brandon Aiyuk

Mucky Tundra (22-Apr) : Based on Gutes comments, now I don't feel as silly having 13 picks in my mock the other day

Zero2Cool (22-Apr) : Zach Wilson to Broncos.

Zero2Cool (22-Apr) : Gutekunst says he'd love to have 13 or 14 picks. He's trading back huh lol

beast (22-Apr) : Someday we'll have a draft betting scandal

beast (21-Apr) : Sometimes looking extremely amazing, sometimes looking extremely lost

beast (21-Apr) : I haven't looked into the QBs, but some have suggested Maye has some of the most extremely inconsistent tape they've seen

beast (21-Apr) : Well it also sounds like Patriots are listening to trade offers, not that seriously considering any, but listening means they aren't locked

Zero2Cool (21-Apr) : Maye needs to be AFC

Mucky Tundra (21-Apr) : Not liking the idea of the Vikings getting Maye

Zero2Cool (21-Apr) : Vikings HC joked that he may or may not have sent flowers to Bob Kraft. That's where rumor came from.

beast (21-Apr) : Can't tell if this is real or BS, but some rumors about a possible Patriots/Vikings trade for #3 overall

dfosterf (21-Apr) : One playbook to my knowledge. I was shooting for facetious.

beast (20-Apr) : I'm not sure they have different playbooks for different OL positions, and Dillard run blocking is supposedly worse than his pass blocking..

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