The 2024 NFL salary cap could be more than we’ve been expecting. Most analysts have been predicting a 2024 salary cap of about $242 million for the 2024, but a report by Mike Florio of Pro Football Talk suggests that it could be much higher.
Florio posted on X on Monday that a source told him the salary cap will be higher than the $242 million projected, then doubled down and said that it will be closer to $250 million.
Another source says it will be closer to $250 million than $243 million. https://t.co/i5O8XNEvhy
— ProFootballTalk (@ProFootballTalk) February 19, 2024
Though the cap impacts all teams evenly, because the Steelers are one of the teams that is the farthest over the salary cap entering the offseason, a few million will make more of a difference to them than to some other teams.
SteelersNow analysis has the team at $5.4 million over the salary cap at a league figure of $242.5 million, so it’s possible that an upward move of that number could have the Steelers fully compliant before the start of the new league year in mid-March without having to make any additional moves.
While the NFL won’t make an official announcement of the final cap figure until later this summer, it appears that the Steelers may have gotten wind of the total and made the moves they needed to make to get under the figure.
It’s still likely that the Steelers will make additional moves to restructure contracts and/or release veteran players like Allen Robinson II, Patrick Peterson, Cam Heyward and others, in order to be able to sign free agents when that window opens.