2024 NFL season sees record-breaking salary cap increase to $255.4 million, up $30.6 million from previous year
The NFL has set a record high salary cap figure of $255.4 million for the 2024 season, representing a $30.6 million increase from the previous year. This increase is attributed to the league’s growing revenues, with a new broadcast deal worth over $110 billion and additional revenue from streaming games and gambling. The significant cap increase may lead teams to use the franchise tag more frequently to retain top players. While the league prefers smoother cap increases, the rapid growth for 2024 is the largest spike since 2006. There is some debate over how future cap increases will be affected by this substantial jump.
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