NFL’s salary cap hits new high at $255.4M after $30.6M increase
Dan Graziano is a senior NFL national reporter for ESPN and covers the entire league, breaking news, and contributes to various ESPN platforms. The NFL announced a record salary cap of $255.4 million per team for the 2024 season, a significant increase of 13.6% from last year. This increase will impact the free agent market as some teams projected to be over the cap will now be under. The jump in the salary cap is attributed to the repayment of player benefits deferred during the pandemic and an extraordinary increase in media revenue. Future cap increases are expected due to new TV revenue deals.
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