The NFL is catapulting its salary cap substantially for a second straight year, bumping its number by over $20 million from $255.4 million.
The projected number is expected to fall between $277.5 million and $281.5 million. Just two years ago for the 2023 season, the salary cap was at $224 million, which guarantees an approximate $50 million bump over a two-year stretch.
Over the last seven years, that number has jumped from $177 million in 2018.
The final number will be cemented once the league and the NFL Players’ Association makes its last adjustments.
Such an increase bodes well for every team in the league, whether it means spending more money on free agents or spending more to retain players on the verge of free agency. Goading teams to spend should, in theory, create more scenarios in which teams are building playoff contenders.
Most teams were budgeting for a cap between $265 million and $275 million, per NFL.com.
For example, the New York Giants could have approximately $50 million in cap space this offseason to begin repairs of a disappointing team that went 3-14 last season. The Jets, who will be parting ways with Aaron Rodgers in the coming months, currently have a projected $23 million in cap space, per Over The Cap.
