NFL announces historic jump in salary cap for 2024

buckeyepackfan
Veteran Member Topic Starter

9 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

9 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

9 months ago

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

wpr
Preferred Member

9 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

9 months ago

Looks like normally it's under 10% jump from year to year.
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beast (3-Dec) : The way Ballentine leg bent, I wouldn't be surprised if misses games

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Zero2Cool (3-Dec) : Basically, today is Friday for Packers.

Zero2Cool (3-Dec) : Jaire Alexander & Romeo Doubs continue to practice.

Zero2Cool (3-Dec) : Sharpe and Holmgren are Hall of Fame finalists.

beast (3-Dec) : I completely agree with you... I'm shocked that he's listed as practicing of any kind without be cleared of the protocol

Zero2Cool (3-Dec) : I thought once practicing, they were out of protocol. so it is news to me

beast (3-Dec) : Even LaFleur is saying "I don’t know all the nuances of that. They just tell me when he’s cleared.”

beast (3-Dec) : Interesting that a player can BOTH be limited practicing and also in the concussion protocols... even LaFleur is saying "I don’t know all th

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beast (3-Dec) : Jaguars job because it's the closest job that might be available near his house in Jupiter Florida. And Belichick wants an owner that....

Zero2Cool (3-Dec) : No reason to want Jaguars job, or Rodgers.

Zero2Cool (3-Dec) : Doubs still in protocol

Mucky Tundra (3-Dec) : That's an...interesting rumor

beast (3-Dec) : Rumor, Bill Belichick is eyeing both the Jaguars and Aaron Rodgers for 2025... who knows if he'll be able to get either

beast (3-Dec) : Based on numbers, Broncos and Browns had a wild one

beast (3-Dec) : Alexander and Doubs were back at practice

Mucky Tundra (2-Dec) : hey where's the game day thread for the Lions?

Mucky Tundra (2-Dec) : Should we though?

Zero2Cool (2-Dec) : Edgerrin Cooper, Corey Ballentine and Elgton Jenkins miss Monday practice

Zero2Cool (2-Dec) : We should talk Fantasy Football.

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beast (2-Dec) : Will Rodgers keep copying Brett and join the Vikings next?

packerfanoutwest (2-Dec) : Rodgers needs to retire tomorrow

Mucky Tundra (2-Dec) : And you're still winning easily because I started all the wrong guys

buckeyepackfan (1-Dec) : MVS another td catch for The Saints

buckeyepackfan (1-Dec) : Tucker killing me in our FFL 2 missed Fg's 1 missed pat. lol

Zero2Cool (1-Dec) : Kickin ain't easy.

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beast (1-Dec) : Yeah, Cardinals got me all excited for nothing... they choked. As of right now, we might get a playoff preview in 2 weeks

beast (1-Dec) : Did packerfanoutwest self-sabotage his pick'em? Doing so well, then this week

Mucky Tundra (1-Dec) : Also, shame on Arizona! Could have done us a solid by beating Minnesota

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