News that will make people happy, especially for teams in the red in terms of payroll. According to Ian Rapoport (NFL Media), the salary mass cap of each team (the famous salary cap) will reach $255.4 million in 2024.
This constitutes an unprecedented increase of more than $30 million compared to the 2023 value ($224.8 million), a sign that the league is doing extremely well financially. Indeed, the salary cap is based on league revenue, a percentage of which (48%) is redistributed to players. The majority of income therefore always goes into the pockets of the owners.
According to Rapoportthe reasons for this increase are linked to an exceptional increase in media-related revenues (notably TV rights), as well as the total reimbursement of financial advances made by the franchises during COVID to allow the league to survive.
