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2024 NFL salary cap spike: Free agency, team spending impact

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The NFL salary cap went up a record 13.6% this year, from $224.8 million to $255.4 million per team. The jump could be a huge benefit to players hitting free agency in the coming week, as teams will have more cap space to spend. But the news was also received well in front offices, where teams had been budgeting for a cap in the range of $240-245 million and had some recalculating to do once the news dropped at the end of February.

"We were hoping it would get to $250 [million], but we didn't really expect it to," said Brandon Beane, the general manager of the cap-strapped Buffalo Bills, last week at the combine.