Updated NFL Salary Cap Outlook for All 32 Teams Entering Week 3 of Free Agency 2024

Joseph Zucker@@JosephZuckerFeatured Columnist IVMarch 25, 2024

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While a lot of fans have shifted their focus to the 2024 NFL draft at this stage of the offseason, free agency could still spring a surprise or two.

Broadly speaking, teams have burned through much of the cash they had available. What’s left is being reserved for their draft picks and any surprise cuts that are made between now and the final roster deadline in August.

Here’s a look at salary cap space for every team with the draft now a month away:

Salary Cap Space

Arizona Cardinals: $31,492,212Atlanta Falcons: $2,665,642 Baltimore Ravens: $13,884,766Buffalo Bills: $7,477,440Carolina Panthers: $12,171,625 Chicago Bears: $22,702,288 Cincinnati Bengals: $27,692,155 Cleveland Browns: $3,868,435Dallas Cowboys: $5,511,636 Denver Broncos: $22,558,779 Detroit Lions: $26,691,352 Green Bay Packers: $22,037,379 Houston Texans: $20,385,499 Indianapolis Colts: $22,434,796 Jacksonville Jaguars: $12,536,442 Kansas City Chiefs: $7,608,425Las Vegas Raiders: $28,345,943Los Angeles Chargers: $35,304,335 Los Angeles Rams: $20,760,851 Miami Dolphins: $10,356,904Minnesota Vikings: $23,944,927New England Patriots: $50,084,159New Orleans Saints: $14,412,558 New York Giants: $8,731,928 New York Jets: $8,527,588 Philadelphia Eagles: $33,657,986 Pittsburgh Steelers: $14,317,407 San Francisco 49ers: $12,794,910Seattle Seahawks: $4,243,670 Tampa Bay Buccaneers: $13,718,943Tennessee Titans: $45,781,098 Washington Commanders: $49,495,249There are still some potential difference-makers who are unsigned.

Edge-rusher Jadeveon Clowney matched his career high in sacks (9.5) in 2023, and he ranked fifth in pass rush win rate (25 percent) at the position, per ESPN.com. The New York Jets are reportedly keen on landing him after having missed out on Shaq Barrett.

Justin Simmons earned the second Pro Bowl nod of his career after posting 70 tackles and intercepting three passes with eight pass breakups. Julian Blackmon set personal bests in tackles (88) and interceptions (four). Between them, teams in need of a safety have a straightforward solution before the draft.

The receiver market includes a few notable names.

Odell Beckham Jr. is never going to replicate his peak yet remains a solid secondary option. Tyler Boyd (67 receptions for 667 yards and two touchdowns) continues to be a relatively consistent slot wideout. Like Beckham, Michael Thomas has seen his career derailed by injuries, but he could be worth a short-term flier in the right situation.

Then there are the players who received the franchise tag and have yet to hammer out an extension: wide receiver Tee Higgins, safety Antoine Winfield Jr. and edge-rusher Josh Allen. Until they officially sign the one-year tender, they agree to a multiyear pact with their current team or find somebody else who will meet their asking price.

The latter was ultimately the resolution to L’Jarius Sneed’s situation as he was reportedly traded from the Kansas City Chiefs to the Tennessee Titans, with a new contract likely to follow.

Jeffery Simmons @GrindSimmons94That secondary!!! Yes lawd! Help me help you!

The advantages of having a lot of salary cap space are obviously much lower now with the top free agents off the board.

But a handful of teams are sitting on somewhat significant war chests and most of that money is going to get spent one way or another.