Good news on the salary cap for the Green Bay Packers and other teams needing to be cap compliant by the start of the new league year: the NFL raised the salary cap in 2024 to $255.4 million, a jump of over $30 million from 2023.
The rise is substantial but also much bigger than expected. Salary cap tracking sites such as Over the Cap and Spotrac had cap projections at $242 million. The $255.4 million number is over $13 million more than projections.
The Packers now sit at roughly $8.1 million of cap space, per Over the Cap.