The NFL announce that 2024 Salary Cap will be $255.4 million each club, plus an additional $74 million per club.

With the new league year beginning next month, teams now have a clearer and more formal image of how much

money they’ll be able to spend on retaining in-house players and signing outsiders.

The NFL’s salary cap for 2024 will be $255.4 million, according to a release issued Friday morning. That is a $30

million increase for the following year, as well as a $12 million or more increase over most recent forecasts.

According to the league, the increase is due to the repayment of advances made during the COVID-19 pandemic, as

well as an increase in media revenue:

This is clearly tremendous news for all 32 teams, including the Kansas City Chiefs. The extra room is specifically for

two of their players. Chris Jones, an All-Pro defensive tackle, and L’Jarius Sneed, a cornerback, are both about to

become free agents and are expecting large paychecks. Jones’ franchise tag estimate of more than $32 million makes

it incredibly impossible to imagine something like that happening, although Sneed’s previous forecast of roughly

$18.8 million was a more appealing figure. Now, the same tag ability exists, and there is more room for a long-term

contract.

With a greater salary cap ceiling, Kansas City gains flexibility in contract negotiations. Sneed and Jones’ respective

camps definitely have strong opinions about what they’re worth, but if the team chooses, it can now budge that extra

bit and shift things in a favorable way. With the NFL Scouting Combine approaching, having a specific figure to work

with is always beneficial. It sets or resets the table for discussions.

More money to go around is a two-edged sword. While increased cap space may result in a more competitive market,

it also allows firms to make their sales pitches more compelling. Time will tell how Kansas City takes advantage of

this situation, which might result in a minor restructure of a currently rostered player or a greater investment in a

free agent or trade acquisition.

With Jones and Sneed taking center stage until free agency, it’s difficult to ignore that aspect of the plan. They have

wriggle room to ask for more, but the Chiefs can theoretically offer more. The timing couldn’t be better for the

defending Super Bowl winners, as they get clarity heading into a critical stretch of the offseason.