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Part of the reason for the massive jump is that the league has now paid back all of the player benefits that were deferred in 2020 as part of the agreement between the players and the league to keep the league running during the COVID-19 pandemic. Cap growth is directly tied to the league's revenue growth, but it was limited in 2022 and 2023 because the repayment of those benefits was subtracted from the final calculations. With all of the benefits repaid at this point, the 2024 cap number more closely reflects the increase in revenue.Oh please.. so literally all the capologists and 'experts' that know this 'Formula' were so out of wack hey.. lol. No one expected this huge rise this year. It caught everyone by surprise and killed Free Agency.
The NFL said one of the reasons for the sharp increase was "an extraordinary increase in media revenue." Since the league signed new deals with its broadcast partners in 2021, there has been a belief that 2024 and 2025 would be the first years in which the new TV revenue would really have a noticeable impact on league revenue.