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    Titans Have $72.5 Million in Salary Cap Space to Potentially Invest in Free Agents

    The NFL on Friday announced that each team will have a salary cap of $255.4 million. With critical needs on the offensive line, in the defensive backfield, and at the wide receiver position, the Tennessee Titans will have the potential to accelerate their rebuilding process.

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    Tennessee Titans
    Tennessee Titans

    Tennessee Titans general manager Ran Carthon got some good news Friday: He has more money to potentially spend on free agents. 

    The NFL announced on Friday that for the 2024 season the salary cap for each club has risen more than $30 million to $255.4 million. As a result, the Titans will have $72,534,425 in effective cap space, according to OverTheCap.com. 

    With critical needs on the offensive line, in the defensive backfield, and at the wide receiver position, the Titans will have the potential to accelerate their rebuilding process beginning March 13, when NFL teams can sign free agents.

    The NFL released a statement explaining the salary cap increase. 

    "The NFL announced today that the 2024 salary cap will be $255.4 million per club, with an additional $74 million per club payment for player benefits, which includes Performance-Based Pay and benefits for retired players. Total 2024 player costs will be $329.4 million per club, or more than $10.5 billion league-wide.

    "The unprecedented $30 million increase per club in this year's salary cap is the result of the full repayment of all amounts advanced by the clubs and deferred by the players during the Covid pandemic, as well as an extraordinary increase in media revenue for the 2024 season."

    After signing at least 51 players and their rookie class, a team's effective cap space is determined by subtracting their total salary cap number from the overall cap limit for the league.

    • TITANS FREE AGENTS HOT TAKES: One of the Tennessee Titans' stated offseason priorities is the defensive backfield. Do they let established veteran Sean Murphy-Bunting walk away into free agency? Or do they re-sign him with the expectation that he will prosper under new defensive coordinator Dennard Wilson? CLICK HERE
    • HOT TAKES ON HENRY: The Tennessee Titans have a decision to make with Pro Bowl running back Derrick Henry. Do they keep the NFL's second-leading rusher? Or do they say goodbye to the thirtysomething and spend some of that salary cap space on an offensive lineman or wide receiver? CLICK HERE
    • FANDUEL DOWN ON LEVIS: In its "way too early 2024 quarterback ranking," the online sports book has judged that among the 32 NFL starting quarterbacks, Will Levis is last. Worse, FanDuel also rates Levis behind five future draft picks. Ouch. CLICK HERE
    • DO TITANS NEED AN EDGE? Making a quarterback uncomfortable and disrupting the opposing offense is arguably Job One for a defensive coordinator. In next month's NFL free-agent market, edge defenders rank among the most desirable assets. Can the Tennessee Titans afford to sign one? Can they afford not to?CLICK HERE
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