The Los Angeles Rams will have even more money to spend in free agency. On Friday, the NFL announced a cap increase to $255M. This was an unprecedented $30M increase per club as a result of the full repayment during the Covid pandemic as well as an extraordinary increase in media revenue for the 2024 season.
The NFL announced today that the 2024 Salary Cap will be $255.4 million per club, with an additional $74 million per club payment for player benefits, which includes Performance Based Pay and benefits for retired players.
— Tom Pelissero (@TomPelissero) February 23, 2024
Coming into the offseason, many were projecting the NFL salary cap to be around $240M-$245M.