Patriots head instruct Jerod Mayo absolutely wasn’t joking when he stated they had cash to burn. New England could have nearly nine figures to spend this offseason.
The Gillette Stadium places of work are about to look like that Scrooge McDuck gif.
The NFL announced that the salary cap for the upcoming season will be $329.4 million per club, a total of greater than $10.5 billion league-wide. That’s a $30 million expand per club, which is “the result of the full repayment of all amounts superior by using the golf equipment and deferred by using the gamers in the course of the COVID pandemic” as nicely as a virtually absurd expand in media revenue for 2024.
The NFL also announced franchise and transition tag numbers are locked in.
What does this mean for the Patriots, you ask? They’ll have almost $83 million in cap space, per OverTheCap.com, the 2d most in the NFL behind the Washington Commanders. That number ought to enlarge to around $96 million if New England decides to cut J.C. Jackson, which is the expectation at this point.
It’s pretty obvious that this is good information for all teams, however the Patriots now have an possibility to make a play for some of the top free retailers on the open market. They’re also greater likely to utilize the franchise tag, perhaps on any individual like Michael Onwenu, who would be owed greater than $20 million.
It’s nearly time to start burning.