The NFL announced yesterday 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 — the biggest since the cap was introduced in 1994 — 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.
With free agency around the corner, will players expect more and even get more? Or will it just fall back to the mean?