The Titans possess a significant sum of $72.5 million in salary cap space, which they could use to potentially acquire free agents.
Tennessee Titans’ general manager Ran Carthon received positive news on Friday: the NFL announced that the salary cap for each club for the 2024 season has increased by over $30 million to $255.4 million. Consequently, the Titans are slated to have $72,534,425 in available cap space, as reported by OverTheCap.com. With pressing needs in key areas such as the offensive line, defensive backfield, and wide receiver positions, the Titans have the potential to expedite their rebuilding efforts starting March 13, when NFL teams can engage in free agent signings. The NFL released a statement elucidating the reasons behind the salary cap increase, citing the full repayment of amounts advanced by clubs and deferred by players during the Covid pandemic, along with a significant rise in media revenue for the 2024 season. Teams’ effective cap space after signing a minimum of 51 players and their rookie class is determined by subtracting their total salary cap number from the league’s overall cap limit.
