The NFL announced on Friday that the 2024 salary cap would be $255.4 million, an unprecedented $30.6 million increase per club. The increase results from the full repayment of all amounts advanced by the clubs and deferred by the players during the COVID-19 pandemic and an extraordinary increase in media revenue for the 2024 season.
Speculation suggested that the salary cap was going to be $242 million,but the $30.6 million increase put each club at $255.4 million, 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.