Why does the salary cap keep going up in the NFL?

Most of the NFL teams and fans were caught off guard by the recent news that the 2024 NFL salary cap would increase to $255.4 million, up from $224.8 million last season. That is a whopping $30.6 million increase.

The reason that the cap is ever increasing is the same reason that gas, food, and housing costs increase. Inflation. As prices rise, so must salaries rise to keep pace. But this year’s increase is far in excess of even the most hopeful of projections. In fact, this year’s increase represents the largest year-to-year increase in total money in free agency history.

Part of the reasoning behind the massive boost is a new NFL broadcast deal that will pump $110 billion into the league’s coffers, but a large part of this payout is a recalibration to take into account the advances by clubs and deferments by players during the past few years due to the pandemic. The league has opted to bring the financials back into line in one fell swoop rather than phase it in.

“The unprecedented $30 million increase per club in this year’s salary cap is the result of the full repayment of all amounts advanced by clubs and deferred by the players during the COVID pandemic as well as an extraordinary increase in media revenue for the 2024 season,” said the league in a statement.

Additional revenues from new streaming platforms and gambling revenue mean that the league can afford the hit. But it is almost guaranteed to be a one-off. The new level has been found and future seasons should increase at a more sedate pace.

Comments

Post a Comment

Popular posts from this blog

MLB Wednesday parlay at mega +814 odds today, 10/4: Division series looming

All of the sudden, there are two division winners with their backs up against the wall in a win or go home game. Tuesday’s wild card game ones brought some fantastic pitching in three of the games and a home run barrage in the fourth game. Each win was convincing enough that it is almost difficult to see the losing teams bounce back, but that is the beauty of the postseason. Anything can happen. With each game being an opportunity to clinch on Wednesday, today’s playoff baseball will be loaded with drama. If you’re looking to have some betting action, check out our MLB mega parlay at +814 odds below. You can also read our MLB predictions for picks on every game today. Rangers vs Rays over 8 (-105) Blue Jays vs Twins under 7.5 (-105) Phillies -1.5 (+140) MLB mega parlay odds: +814 Rangers vs Rays over 8 (-105) This Game features a strong pitching matchup between a couple of starters that have good numbers, but have not been stellar lately. Nathan Eovaldi will start for Te...
Read more

Watch Nottingham Forest vs. Liverpool – Live Online Streams and TV Info

Image
Liverpool have a huge league Game on their hands at Nottingham Forest, with a won non-negotiable for Jurgen Klopp‘s side. Here’s how to watch online and on TV. It has been quite the week for the Reds, despite the continual injury blows, the mood is high off the back of victories and the club’s youngsters seizing their moments. And, now, after two cup Game s, it is time to focus back on the Premier League as Liverpool Travel to 17th-placed Nottingham Forest. There are some nerves for this one, but let’s hope Liverpool show us there was no reason for any concern. Into these, Reds! Check This Is Anfield for the latest team news ahead of the match. You can also follow the Game by downloading the This is Anfield app , including lineups, live coverage and all the reaction and analysis. The match gets underway at 3pm (GMT) – or 10am in New York, 7am in Los Angeles, 2am (Sunday) in Sydney, 7pm in Dubai and 6pm in Nairobi.   UK Viewers Nottingh...
Read more

Mo Salah: ‘I won’t leave Liverpool because Jurgen Klopp is leaving’

Image
Mohamed Salah has insisted Jurgen Klopp‘s decision to leave Liverpool won’t impact his future with the club, amid speculation that key names could depart. Though the dust has settled to an extent following Klopp’s shock announcement back in January, there remains an uncertainty around Liverpool. Fenway Sports Group are close to appointing Michael Edwards in a senior role to oversee Football operations, while Richard Hughes is expected to follow as sporting director. But with Klopp’s successor not yet established, there could be concerns over key players within the squad deciding it is time to move elsewhere. Salah and Virgil van Dijk are chief among those with doubts over their futures, given their contracts expire in 2025 – the captain was already forced to dismiss speculation after admitting he “didn’t know” whether he saw himself as part of the next reign. Speaking to Jamie Carragher in an interview for Sky Sports , however, ...
Read more