The NFL revealed the official salary cap limit for the 2024 season at a significantly higher figure than last year’s cap. The cap jumped up some $30.6 million to $255.4 million for each team.
From the NFL’s press release,
The NFL announced today 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.
With the new figure, the Detroit Lions have $55,919,783 in available cap room per Over The Cap. That’s a figure around $12 million higher than was anticipated, giving the Lions more cap room to extend contracts, sign outside free agents or stow away and roll over into the 2025 cap. Detroit’s figure is the sixth-most available cap room of any team at the start of the NFL Scouting Combine.