Ravens to benefit from significant increase in 2024 NFL Salary Cap
The NFL announced the 2024 salary cap will increase to $255.4 million, benefiting the Baltimore Ravens as they have $16.63 million in available funds to retain key free agents. With 27 players pending contracts, including stars like Justin Madubuike and Jadeveon Clowney, the Ravens will need to make strategic moves to stay under the cap. They may need to cut high-cost players like Morgan Moses and Tyus Bowser or restructure contracts. Despite having more flexibility, the Ravens prioritize financial discipline to avoid future debt. Their goal is to compete consistently rather than overspend and suffer consequences when the cap limit is reached.
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