It's a new year. The NFL's new league year only kicks off in March, but it's already possible to project some factors for next season. And one of them is that the Green Bay Packers will roll over a significant amount of money to the 2025 salary cap.
In the NFL, a team can carry over salary cap space if it doesn't use everything available in a season.
In 2024, the NFL's cap per team is $255.4 million. The Packers effectively spent $185.707 million, and had $65.854 million in dead money — amounts in signing bonus that had already been paid, but hadn't hit the cap yet in prior years.
So far, heading into the playoffs, the Packers have $15.508 million in available cap space.
There are no more costs for salaries, since the playoff player compensation is paid by the NFL. The Packers can still make an elevation or two for the final regular season week against the Chicago Bears, but it's realistic to project a $15 million carry over for 2025.
With that amount of money rolled over, the cap situation in 2025 gets much more comfortable. Over the Cap is projecting a $272.5 million salary cap next season, and the Packers would have $62.75 million in cap space with 39 signed players.
Obviously, the situation will drastically change in the offseason with re-signings, potential extensions, restricted and exclusive rights free agent tenders, future deals. On the other hand, the Packers have flexibility to create more cap space if needed with restructures.
Usually, extensions and new signings have a lower year 1 cap hit, and it progressively grows in future years. Therefore, general manager Brian Gutekunst will have a lot of flexibility to sign and extend impactful players if he wants to.
GB was 32nd in cash spending in 2023. It's 18th in 2024, and that's counting Love's big signing bonus.
— Wendell Ferreira (@wendellfp) December 31, 2024
This team has its limitations because of it, but Brian Gutekunst, Matt LaFleur, and Jordan Love are doing a great job despite an evident impact of the financial restraint.
“The jump in the cap this year and the expected curve or where it’s going is probably why you’re seeing a lot of the things that are happening within the market right now,” Gutekunst said back in the offseason.
After two years of financial restraint, paying what they spent during the twilight years of Aaron Rodgers, the Green Bay Packers are ready to invest in Jordan Love's environment.
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