NFL salary cap room for all 32 teams entering 2024 free agency
By Kevin Reyes
The NFL free agency period is fast approaching. Between teams cutting players for salary cap purposes, franchise tag decisions and marquee players being available, it's always a moment of intrigue. But the league itself added another element to that intrigue.
The NFL announced on Friday that the salary cap for next season would be $255.4 million, a $30.6 million increase from last season and the largest single-season increase in NFL history. The large figure came as a surprise, with the league stating that the increase came as a result of the full repayment of amounts advanced by teams and deferred by all players during the COVID pandemic and because of an increase in media revenue. There will also be $74 million extra per club that will be allotted for player benefits.
It's the most positive news players and teams could get. For players, it's a big opportunity for upcoming free agents to earn a payday. For teams, it gives them more wiggle room to manage the cap, which is always a fascinating exercise to follow.
Between the Buffalo Bills having the worst cap situation, the Chicago Bears having the third-most cap space along with the first overall pick in the draft, the Minnesota Vikings suddenly having much more money to spend and a quarterback situation to figure out, whatever is going to happen with Russell Wilson, and the Kansas City Chiefs having Chris Jones and L'Jarius Snead decisions to make (they might've started already), there's so much to look forward to.
Below is the full list of cap space (or amount over it) for all NFL teams heading into the 2024 free agency:
NFL salary cap room by team entering 2024 free agency
Team | Cap Space |
|---|---|
1. Washington Commanders | +$79.6 million |
2. Tennessee Titans | +$78.5 million |
3. Chicago Bears | +$78.3 million |
4. New England Patriots | +$78 million |
5. Indianapolis Colts | +$72 million |
6. Houston Texans | +$67.3 million |
7. Detroit Lions | +$57.6 million |
8. Arizona Cardinals | +$51.1 million |
9. Cincinnati Bengals | +$50.6 million |
10. Tampa Bay Buccaneers | +$43.6 million |
11. Las Vegas Raiders | +$42.9 million |
12. Los Angeles Rams | +$39.9 million |
13. Minnesota Vikings | +$35.8 million |
14. Carolina Panthers | +$34.5 million |
15. Atlanta Falcons | +$33 million |
16. New York Giants | +$30.6 million |
17. Philadelphia Eagles | +$27.4 million |
18. Jacksonville Jaguars | +$24.4 million |
19. Kansas City Chiefs | +$17.1 million |
20. Baltimore Ravens | +$16.6 million |
21. New York Jets | +$12.7 million |
22. Seattle Seahawks | +$12.5 million |
23. Pittsburgh Steelers | +$8.9 million |
24. Green Bay Packers | +$2.3 million |
25. San Francisco 49ers | -$5 million |
26. Cleveland Browns | -$7.7 million |
27. Dallas Cowboys | -$9.8 million |
28. Denver Broncos | -$16.8 million |
29. Los Angeles Chargers | -$25.6 million |
30. Miami Dolphins | -$29 million |
31. New Orleans Saints | -$39.8 million |
32. Buffalo Bills | -$43.8 million |
The moratorium period — the time when negotiations between teams and players can happen — starts on March 11 at 12 p.m. ET, while signings can start on March 13. Teams have until the 13th at 4 p.m. to get under the cap, which means that the 49ers, Browns, Cowboys, Broncos, Chargers, Dolphins, Saints and Bills will be very busy in the upcoming days.
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