Cap# for 2024: $255.4 million (!)

[Joey007]

Holy smokes. Not sure how to feel here, now everyone will have money.

What does this project us compared to early projections?

 

[ViperGTS]

.

 

[Joey007]

Noticing Spotrac was projecting 242 million (which was where our 74 million cap projection was at)

This will raise the cap another $13 million above initial projections.

 

[ScottishPatriots]

Helps all the teams paying the franchise quarterback more who have been mortgaging the future years banking on big cap raises, they're the smart ones.

 

[crownontherocks]

The new cap space is good and bad in a way, yes helps us have more cap, but teams like cinny with higgins and soon to be free agents might be able to retain them.

 

[ahmed]

Helps all the teams paying the franchise quarterback more who have been mortgaging the future years banking on big cap raises, they're the smart ones.

Yup. Mortgaging future years' cap has always been the best play because it is using future money that costs less (less %) in today's market where players cost less than they would in that future cap year.

It only ever backfired once which was Covid year.

 

[Love The Drake]

Once JC Jackson is released and Parker and Ju Ju rework those awful contacts we should have more.

 

[Love The Drake]

 

[DaBruinz]

Noticing Spotrac was projecting 242 million (which was where our 74 million cap projection was at)

This will raise the cap another $13 million above initial projections.

Spotrac get's much of their info from OTC..

@Patscap has major issues with Spotrac ripping off work of other people and not crediting them.

 

[DaBruinz]

@PatsCap has the Pats at 87.3M without releasing JC Jackson, which should happen any day now.

 

[Ross12]

Once JC Jackson is released this should be close to $92 million $102 million (thanks @Joey007 for pointing out). Obviously a ton of money. Does make it easier to retain some of their own free agents while also making some splash signings, especially if they backload deals.

 

[PowerRunRevival]

I’m excited for the Pats to spend all their money in free agency.

With a lot of money added to a mediocre free agent class these contracts are probably going to be aggressive.

The increase makes it more likely the Pats and other teams use their franchise tag.

 

[Joey007]

Once JC Jackson is released this should be close to $92 million. Obviously a ton of money. Does make it easier to retain some of their own free agents while also making some splash signings, especially if they backload deals.

Wouldn't it be approx $101 million? Isn't the $87.3 projection before any release of JC Jackson? His savings would still be $14 million correct?

 

[Love The Drake]

 

[Ross12]

Wouldn't it be approx $101 million? Isn't the $87.3 projection before any release of JC Jackson? His savings would still be $14 million correct?

It would, I just totally failed basic math there. Wow. Only added the 4.3 instead of 14.3.

 

[Ross12]

Worth mentioning that even with this increase, the Bills are still about $42 million over the cap and the Dolphins are about $38 million over.

 

[JohnJH]

Once JC Jackson is released and Parker and Ju Ju rework those awful contacts we should have more.

Cutting Jackson (which is certainly going to happen) adds over 14 million more dollars to the team's money to spend elsewhere.

 

[JohnJH]

It would, I just totally failed basic math there. Wow. Only added the 4.3 instead of 14.3.

Cutting Jackson will save over 14 million bucks.

 

[JohnJH]

Wouldn't it be approx $101 million? Isn't the $87.3 projection before any release of JC Jackson? His savings would still be $14 million correct?

Yes. Over 101 million to spend (and more if they cut and/or trade other players).

 

[Clonamery]

Probably thank Taylor Swift for the increase, I know Goodell will.