The NFL’s 32 groups obtained some nice information on Friday when the league introduced the wage cap is rising by an unprecedented quantity.
In line with NFL Community’s Tom Pelissero, the NFL is elevating the wage cap from $224.8 million in 2023 to $255.4 million in 2024.
“The unprecedented $30 million improve per membership on this yr’s Wage Cap is the results of the total reimbursement of all quantities superior by the golf equipment and deferred by the gamers through the Covid pandemic in addition to a rare improve in media income for the 2024 season,” the NFL mentioned in an announcement.
There may also be a further $74 million per membership fee for participant advantages, which incorporates performance-based pay and advantages for retired gamers.
It marks the third straight yr that the wage cap has elevated because it dipped as a result of COVID-19 pandemic, and it has formally greater than doubled since 2011.
