Breaking News: Buffalo Bills enter 2024 offseason with major salary cap questions
The Buffalo Bills are currently surpassing the 2024 salary cap by a significant margin, requiring general manager Brandon Beane to address the situation. Initially, the estimated figure was $43 million, but it has been revised since then. There’s a possibility that certain incentives labeled as “Not Likely To Be Earned” from the 2023 season were achieved, leading to a reduction in the cap amount the Bills could carry over from the previous season.
According to Over The Cap, the Bills exceed the 2024 cap by $50.6 million, while Spotrac puts the number at $51.1 million. Both platforms are relying on projections for the NFL’s salary cap, which has not yet been officially released.
As of now, Buffalo has 57 players under contract for the 2024 season. During the offseason, only the Top 51 contracts are considered when calculating the salary cap.
Quarterback Josh Allen holds the highest cap hit for the Bills, reaching $47 million in 2024. Following him are Stefon Diggs, the wide receiver, with a cap hit of $27.8 million, Von Miller, the edge rusher, at $23.8 million, left tackle Dion Dawkins at $16.6 million, cornerback Tre’Davious White at $16.4 million, and tight end Dawson Knox at $14.3 million. It’s anticipated that these cap figures will undergo changes before the season commences, with contracts likely to be restructured or potentially removed from the team’s financial books.
The Bills face upcoming decisions on these potential adjustments, which will be discussed in the following week. Some choices will be straightforward, while others may prove challenging for a roster as established as the Bills’.
Spotrac indicates that the New Orleans Saints currently have the most challenging cap situation at -$82.8 million, with 55 contracts. The Miami Dolphins follow at -$51.2 million with 46 contracts, and the Buffalo Bills are also in a tight spot at -$51.1 million with 57 players. On the flip side, the Washington Commanders have the most available cap space at $83.5 million, trailed by the Tennessee Titans at $73.9 million and the New England Patriots at $70.1 million.