CAP RISING FEB 23 An unprecedented hike to the league pay cap is scheduled for the 2024 season, according to an NFL release. Teams will receive an additional $30 million this offseason thanks to the raise in the cap to $255.4 million.

The NFL said in a statement, “An extraordinary increase in media revenue for the 2024 season, as well as the full repayment of all amounts advanced by the clubs and deferred by the players during the Covid pandemic are the reasons behind the unprecedented $30 million increase per club in this year’s salary cap.”