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Each NFL Team’s 2024 Cap Space

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The NFL has provided teams with clarity by setting the salary cap ceiling at $255.4MM. Franchise tag figures are now finalized, allowing clubs to move forward with their offseason plans with a clear understanding of their financial flexibility. Here is the current landscape of salary cap space, courtesy of Over the Cap:

  1. Washington Commanders: $79.61MM
  2. Tennessee Titans: $78.66MM
  3. Chicago Bears: $78.34MM
  4. New England Patriots: $77.96MM
  5. Indianapolis Colts: $72.34MM
  6. Houston Texans: $67.58MM
  7. Detroit Lions: $57.61MM
  8. Arizona Cardinals: $51.1MM
  9. Cincinnati Bengals: $50.67MM
  10. Tampa Bay Buccaneers: $43.68MM
  11. Los Angeles Rams: $43.11MM
  12. Las Vegas Raiders: $42.94MM
  13. Minnesota Vikings: $35.81MM
  14. Carolina Panthers: $34.57MM
  15. Atlanta Falcons: $33MM
  16. New York Giants: $30.8MM
  17. Philadelphia Eagles: $27.35MM
  18. Jacksonville Jaguars: $24.68MM
  19. Kansas City Chiefs: $18.19MM
  20. Baltimore Ravens: $16.63MM
  21. Seattle Seahawks: $12.97MM
  22. New York Jets: $12.76MM
  23. Pittsburgh Steelers: $9MM
  24. Green Bay Packers: $2.3MM
  25. San Francisco 49ers: $5.07MM over the cap
  26. Cleveland Browns: $7.76MM over
  27. Dallas Cowboys: $9.86MM over
  28. Denver Broncos: $16.81MM over
  29. Los Angeles Chargers: $25.61MM over
  30. Miami Dolphins: $27.92MM over
  31. New Orleans Saints: $42.11MM over
  32. Buffalo Bills: $43.82MM over

All teams must ensure they are cap compliant by the start of the new league year. Teams currently over the cap will need to make moves to create space before free agency begins. The recent increase in salary cap will allow teams to have more spending power, but it also comes with risks of future financial constraints. Teams like the Cowboys and Browns will need to address record-breaking cap hits for their quarterbacks in the coming year.

The higher-than-expected salary cap ceiling for 2023 will impact teams’ financial planning and decision-making. Teams with top draft picks may benefit from having rookie contract quarterbacks, allowing for more aggressive approaches to free agency. The success of teams like the Chiefs with high QB investments has shown that it is possible to win Super Bowls with significant cap commitments to key players.

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