Report: 2024 NFL Salary Cap Could Hit $250 Million

NBC Sports' Mike Florio says the league's salary cap could rise to $250 million this season.

ARIZONA -- Whether you're a general manager, media member or simply a fan, you've likely looked at projected salary cap numbers for the upcoming season to see what certain teams could - and couldn't - do in the open market for 2024. 

Sites such as Spotrac and OverTheCap are great places for this, and even offer tools to help simulate free agency, trades, etc. to establish a realistic look at organizing a squad. 

However, those sites operate on mere projections - and there's reports the actual 2024 salary cap figure could be quite high. 

From NBC's Mike Florio:

"Every year, the league and the NFL Players Association negotiate the number, with various factors coming into play. In the past, it has been higher than perhaps it should have been; the year after the lockout, for example, it was believed that the league agreed to ensure that the cap would not fall in comparison to 2011, in order to avoid a mutiny within the union," wrote Florio.

"Currently, there’s a thought that the league wants to avoid a massive spike in the cap, opting instead for a “smoothing” of the cap limit as TV deals and gambling money increase and the losses from the pandemic slip from the books."

Florio initially published the report with multiple sources informing him the cap number was projected to be around $242/243 million. 

Bump that number up, just a bit.

"Another source, with a proven record of accuracy in these matters, says it will be closer to $250 million than to $243 million," said Florio later in the article in an update. 

OverTheCap currently has projections using the $242 million figure while Spotrac is utilizing $242.5 million. 

We're expected to learn the final cap number next week. It was $224.8 million in 2023 and $208.2 million the year before that.