NFL Sets Record 2024 Salary Cap at $255.4 Million

Giants and Jets unlikely to embark on major spending despite cap increase.

The NFL has set the 2024 salary cap at a record $255.4 million per team, a $30.6 million increase over the previous year, driven by an extraordinary increase in media revenue.
Despite the cap increase, the New York Giants and Jets are not expected to engage in franchise-altering spending sprees, with the Giants having around $30.8 million and the Jets about half of that in cap space.
Several NFL players face the possibility of being cut as teams prioritize cap clearing, with notable names including Mack Williams and Adams among the potential cap casualties.
Teams like the Cincinnati Bengals, Denver Broncos, Kansas City Chiefs, San Francisco 49ers, and Washington Commanders stand to benefit the most from the salary cap spike.
The Washington Commanders, with the most cap space at $87.05 million, are in a strong position to address roster needs and potentially draft their quarterback of the future.