The NFL increased the 2024 salary cap to a record $255.4 million per team, raising player personnel spending to $329.4 million per team.

The NFL has increased the 2024 salary cap to a record $255.4 million per team, up from the previous $224.8 million in 2023. Each club will now have $74 million for player benefits, raising the total player personnel spending to $329.4 million per team. The increase in spending is due to new media deals and the finalization of the league's books to remove pandemic-related advances and deferrals. The 2024 NFL salary cap total could impact how teams use the franchise tag and lead to more significant spending on player acquisition.