The NFL announced an unprecedented increase in the salary cap for 2024. The Miami Dolphins suddenly have less of a problem than projected. 
The Miami Dolphins received some great news on Friday as the NFL announced the 2024 salary cap. The annual spending limit for the league was increased by $30 million for 2024 and will be $255.4 million – much higher than the previous estimates of around $240 million. The league explained the large increase, stating, “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 the clubs and deferred by the players during the Covid pandemic as well as an extraordinary increase in media revenue for the 2024 season.
The Dolphins were projected to be somewhere around $55-60 million over the cap prior to Friday’s announcement. Instead, the team is about $38.5 million in the red. Miami will need to get down to at least even with the cap number by 4 p.m. ET on March 13 when the new league year begins. Salary cap savings could include moves like releasing linebacker Emannuel Ogbah, who would save the team $13.7 million with his release. Linebacker Jerome Baker could be released if a restructured contract is not completed, with the released providing an additional $9.8 million in cap savings. Linebacker David Long, Jr., and quarterback Mike White could also be cap-savings moves, with Long providing $4.5 million in space and White another $3.5 million. Those”
Leave a Reply