NFL announces historic jump in salary cap for 2024

buckeyepackfan
Veteran Member Topic Starter

10 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

Continue Reading @ CheeseheadTV

CheeseheadTV wrote:

I was addicted to The Hokey Pokey, but I turned myself around!

Wanna join the discussion?! Login to your PACKERSHOME forum account or Register a new forum account

wpr
Preferred Member

10 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

10 months ago

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

wpr
Preferred Member

10 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

10 months ago

Looks like normally it's under 10% jump from year to year.
image.png You have insufficient rights to see the content.

Important Information:

The PACKERSHOME uses cookies. By continuing to browse this site, you are agreeing to our use of cookies. More Details Close

Fan Shout

Zero2Cool (3h) : Could ban beast and I still don't think anyone catches him.

Mucky Tundra (16h) : Houston getting dog walked by Baltimore

packerfanoutwest (22h) : Feliz Navidad!

Zero2Cool (25-Dec) : Merry Christmas!

beast (25-Dec) : Merry Christmas 🎄🎁

beast (24-Dec) : Sounds like no serious injuries from the Saints game and Jacobs and Watson should play in the Vikings game

packerfanoutwest (24-Dec) : both games Watson missed, Packers won

Martha Careful (24-Dec) : I hope all of you have a Merry Christmas!

Mucky Tundra (24-Dec) : Oh I know about Jacobs, I just couldn't pass up an opportunity to mimic Zero lol

buckeyepackfan (24-Dec) : Jacobs was just sat down, Watson re-injured that knee that kept him out 1 game earlier

buckeyepackfan (24-Dec) : I needed .14 that's. .14 points for the whole 4th quarter to win and go to the SB. Lol

Mucky Tundra (24-Dec) : Jacobs gonna be OK???

Zero2Cool (24-Dec) : Watson gonna be OK???

packerfanoutwest (24-Dec) : Inactives tonight for the Pack: Alexander- knee Bullard - ankle Williams - quad Walker -ankle Monk Heath

packerfanoutwest (24-Dec) : No Jaire, but hopefully the front 7 destroys the line of scrimmage & forces Rattler into a few passes to McKinney.

packerfanoutwest (24-Dec) : minny could be #1 seed and the Lions #5 seed

Zero2Cool (23-Dec) : We'd have same Division and Conference records. Strength of schedule we edge them

Zero2Cool (23-Dec) : I just checked. What tie breaker?

bboystyle (23-Dec) : yes its possible but unlikely. If we do get the 5th, we face the NFCS winner

Zero2Cool (23-Dec) : Ahh, ok.

bboystyle (23-Dec) : yes due to tie breaker

Zero2Cool (23-Dec) : I mean, unlikely, yes, but mathematically, 5th is possible by what I'm reading.

Zero2Cool (23-Dec) : If Vikings lose out, Packers win out, Packers get 5th, right?

bboystyle (23-Dec) : Minny isnt going to lose out so 5th seed is out of the equation. We are playing for the 6th or 7th seed which makes no difference

Mucky Tundra (23-Dec) : beast, the ad revenue goes to the broadcast company but they gotta pay to air the game on their channel/network

beast (23-Dec) : If we win tonight the game is still relative in terms of 5th, 6th or 7th seed... win and it's 5th or 6th, lose and it's 6th or 7th

beast (23-Dec) : Mucky, I thought the ad revenue went to the broadcasting companies or the NFL, at least not directly

Zero2Cool (23-Dec) : I think the revenue share is moot, isn't it? That's the CBA an Salary Cap handling that.

bboystyle (23-Dec) : i mean game becomes irrelevant if we win tonight. Just a game where we are trying to play spoilers to Vikings chance at the #1 seed

Mucky Tundra (23-Dec) : beast, I would guess ad revenue from more eyes watching tv

Zero2Cool (23-Dec) : I would think it would hurt the home team because people would have to cancel last minute maybe? i dunno

beast (23-Dec) : I agree that it's BS for fans planning on going to the game. But how does it bring in more money? I'm guessing indirectly?

packerfanoutwest (23-Dec) : bs on flexing the game....they do it for the $$league$$, not the hometown fans

Zero2Cool (23-Dec) : I see what you did there Mucky

Zero2Cool (23-Dec) : dammit. 3:25pm

Zero2Cool (23-Dec) : Packers Vikings flexed to 3:35pm

Mucky Tundra (23-Dec) : Upon receiving the news about Luke Musgrave, I immediately fell to the ground

Mucky Tundra (23-Dec) : Yeah baby!

Zero2Cool (23-Dec) : LUKE MUSGRAVE PLAYING TONIGHT~!~~~~WOWHOAAOHAOAA yah

Zero2Cool (23-Dec) : I wanna kill new QB's ... blitz the crap out of them.

beast (23-Dec) : Barry seemed to get too conservative against new QBs, Hafley doesn't have that issue

Zero2Cool (23-Dec) : However, we seem to struggle vs new QB's

Zero2Cool (23-Dec) : Should be moot point, cuz Packers should win tonight.

packerfanoutwest (23-Dec) : ok I stand corrected

Zero2Cool (23-Dec) : Ok, yes, you are right. I see that now how they get 7th

Zero2Cool (23-Dec) : 5th - Packers win out, Vikings lose out. Maybe?

beast (23-Dec) : Saying no to the 6th lock.

beast (23-Dec) : No, with the Commanders beating the Eagles, Packers could have a good chance of 6th or 7th unless the win out

Zero2Cool (23-Dec) : I think if Packers win, they are locked 6th with chance for 5th.

beast (23-Dec) : But it doesn't matter, as the Packers win surely win one of their remaining games

Please sign in to use Fan Shout

2024 Packers Schedule

Friday, Sep 6 @ 7:15 PM

Eagles

29 - 34

Sunday, Sep 15 @ 12:00 PM

COLTS

16 - 10

Sunday, Sep 22 @ 12:00 PM

Titans

30 - 14

Sunday, Sep 29 @ 12:00 PM

VIKINGS

29 - 31

Sunday, Oct 6 @ 3:25 PM

Rams

24 - 19

Sunday, Oct 13 @ 12:00 PM

CARDINALS

34 - 13

Sunday, Oct 20 @ 12:00 PM

TEXANS

24 - 22

Sunday, Oct 27 @ 12:00 PM

Jaguars

30 - 27

Sunday, Nov 3 @ 3:25 PM

LIONS

14 - 24

Sunday, Nov 17 @ 12:00 PM

Bears

20 - 19

Sunday, Nov 24 @ 3:25 PM

49ERS

38 - 10

Thursday, Nov 28 @ 7:20 PM

DOLPHINS

30 - 17

Thursday, Dec 5 @ 7:15 PM

Lions

31 - 34

Sunday, Dec 15 @ 7:20 PM

Seahawks

30 - 13

Monday, Dec 23 @ 7:15 PM

SAINTS

34 - 0

Sunday, Dec 29 @ 3:25 PM

Vikings

Saturday, Jan 4 @ 11:00 PM

BEARS