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Sports Illustrated
Sports Illustrated
Sport
Daniel Chavkin

NFL Announces ‘Unprecedented’ Salary Cap Spike of Over $30 Million per Team

NFL

The NFL’s salary cap will rise to $255.4 million next year, an increase of $30.6 million for each team from the 2023 year, the league announced in a statement. Not only will the salary cap be the highest in league history, the change is the largest year-to-year increase since the NFL first implemented the salary cap in 1994.

There are several reasons for the record-breaking salary cap number, with one reason being an influx of media revenue in 2024 coming from new media deals and playoff expansion. The NFL said that this cap spike also includes a “full repayment of all amounts advanced by the clubs and deferred by the players during the Covid pandemic.”

The NFL announced a record-breaking $30+ million salary cap increase for 2024.

Kirby Lee/USA Today network

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