The NFL salary cap creates challenges as teams try to build a championship squad. Here's a look at some of the most overpaid and underpaid players at each position entering the 2024 season. Salaries are based on cap hits from Spotrac.com.
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Purdy was Mr. Irrelevant in 2022, but he's already led his team to a Super Bowl. San Francisco is enjoying the benefits of their seventh-round find, as Purdy's cap hit will be just over $1 million in 2024.
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Watson received a fully guaranteed five-year, $230 million contract after he was traded to Cleveland in 2022. The Browns are starting to see Watson's cap hit skyrocket, as it will be nearly $63.8 million this season. The former Texans star has struggled since the trade and played only six games in 2023 due to injury.
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It's been quite a start to Pacheco's career, a seventh-round pick out of Rutgers in 2022. He's won back-to-back Super Bowls while emerging as Kansas City's starting running back. Pacheco had 1,179 yards from scrimmage and nine scores in 14 regular season games last season, but he's set to count just over $1 million against the cap this season.
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The Panthers signed Sanders to a four-year, $25.4 million contract last season, only to bench him. He counts nearly $7.7 million against the cap this year, though his prospects for playing time look even bleaker this year.
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Underpaid wide receiver: Puka Nacua, Los Angels Rams
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The 2023 draft has already paid off for the Rams, including Nacua. The fifth-round pick finished second in Offensive Rookie of the Year voting after catching 105 passes for 1,486 yards and six touchdowns. His cap hit for Los Angeles will be just under $1 million this season.
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It's good to have friends in high places, as Lazard did with Aaron Rodgers. Lazard followed his former teammate from Green Bay to the Jets, and was given a big contract in the process. He will count nearly $12.2 million against the cap this season despite being buried on the depth chart after recording only 23 receptions for 311 yards and one touchdown last season.
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Okonkwo has been a steal as a fourth-round pick in 2022, with back-to-back productive seasons for Tennessee. He had 54 catches for 528 yards last season, and his cap hit will be just over $1.1 million entering his third season.
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Hill is better known as a utilityman or Swiss Army Knife, but tight end is his official position. While he contributes to the offense in multiple ways, Hill probably doesn't contribute enough to be one of the highest-paid "tight ends" in the game with a cap hit of nearly $15.8 million. He had 692 yards from scrimmage and six scores last season.
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A developmental prospect as a third-round pick in 2022, Raimann has developed into one of the best left tackles in football. His cap hit remains less than $1.5 million in his third season.
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Overpaid offensive tackle: Jawaan Taylor, Kansas City Chiefs
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The Chiefs signed Taylor to a four-year, $80 million contract last offseason to protect the right side of KC's offensive line. He was a quality pass blocker but heavily penalized. He will have a massive $24.725 million cap hit this season.
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Underpaid offensive guard: Trey Smith, Kansas City Chiefs
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A sixth-round pick in 2021, Smith enters the final year of his rookie contract as one of the biggest bargains in the game. He's played at an elite level in his first three seasons, but his cap hit is around $3.4 million.
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The Bears signed Davis to a three-year, $30 million contract to revamp their offensive line last offseason. Davis struggled to stay healthy in his first season, playing only 11 games. His cap hit is more than $11.3 million in 2024.
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Humphrey has been an elite player by almost any measure since being drafted 63rd overall in 2021. He made his second consecutive Pro Bowl last season. Entering the final year of his rookie deal, Humphrey's cap hit is just over $5.2 million this year.
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Bradbury has spent his entire NFL career since 2019 with Minnesota and is paid like one of the top centers in the game. However, durability has been an issue for the center, who has missed time in three straight seasons. His cap hit is nearly $5.8 million this season.
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Parsons has been one of the top defensive players in football since he was drafted in 2021, with 40.5 sacks and three Pro Bowls. He remains a bargain for the Cowboys with a cap hit of just over $5.4 million.
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A likely future Hall of Famer, Miller had his snaps managed and failed to record a sack last year in his age-34 season. After renegotiating his contract, Miller's cap hit remains more than $15.1 million this season.
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Turner was a great find by the Rams as a third-round pick last season, recording nine sacks and 57 tackles. He will likely have more attention paid to him this season following Aaron Donald's retirement, but should remain a bargain nonetheless with a cap hit of about $1.2 million.
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After starting his career in San Francisco, Jones signed a three-year $30 million contract with Denver in 2022. He hasn't done much on the stats sheet, and has a cap hit of nearly $13 million this season.
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Oweh had a strong 2023 season despite missing time to injury, recording five sacks, 12 quarterback hits, and 23 tackles in 13 games. His cap hit will be just over $3.6 million in his fourth season.
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Judon is arguably New England's most important player, but wasn't able to answer the bell in 2023 due to injury. He played only four games but is hoping to rebound this year. Judon's cap hit is nearly $14.7 million.
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Underpaid inside linebacker: Jordan Hicks, Cleveland Browns
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Hicks has been a consistent and underappreciated player for much of his career. He recorded more than 100 tackles for the fifth consecutive season in 2023, but his cap hit will be approximately $1.8 million this year with Cleveland.
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Edmunds is an impact player, but he's also the highest-paid inside linebacker in football by a wide margin. His cap hit this season is nearly $22.5 million, an excessive amount for the position.
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Underpaid cornerback: DaRon Bland, Dallas Cowboys
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Bland had a breakout season in 2023 as an All-Pro, leading the NFL with nine interceptions and five pick-sixes. The 2022 fifth-round pick has a cap hit of less than $1.1 million this season.
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Overpaid cornerback: Byron Murphy, Minnesota Vikings
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Desperate for cornerback help, the Vikings signed Murphy to a two-year deal last offseason. He struggled in his first season with the team but had a cap hit of more than $10.9 million.
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Hamilton was an All-Pro and Pro Bowler in only his second NFL season. The former first-round pick had a cap hit of just over $4.4 million this season.
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James is one of the highest-paid safeties in the game, with a cap hit of nearly $19.9 million. While he stayed mostly healthy last season, his play dropped off with only one interception and failing to make the Pro Bowl.