Giant Have $32 Million In Cap Space After NFL’s ‘Unprecedented Increase’

The NFL said on Friday that it will increase the salary cap for 2024 from $228.4 million to $255.4 million per club.

The league highlighted the noteworthy and surprising growth in a press release.

The complete payback of all sums advanced by the clubs and postponed by the players during the Covid epidemic, along with an unusual boost in media revenue for the 2024 season, are the reasons behind this year’s Salary Cap’s unprecedented $30 million increase per team, according to the statement.

The league added, “Per club payments for player benefits, including performance-based pay and benefits for retired players, total an additional $74 million.” The league-wide total of player expenses in 2024 is expected to exceed $10.5 billion, or $329.4 million per club.

According to Over The Cap, the increase in cap space will make the New York Giants’ available cap space around $30.8 million come the new year next month.

The Giants are listed as having up to $32.9 million in cap space by other sources.

Joe Schoen, general manager, is in a far better position to conduct business than he was at the beginning of the week, regardless of the precise figure.