Although their current spending ranks 30th in the league, Green Bay has the ability to generate cap space in the near future.
With the exception of rookie contracts, the Green Bay Packers’ projected cash expenditure for their roster entering the 2024 season is just $192 million, which is the third-lowest sum in the league. The Packers are now extremely cheap, especially on the offensive end of the ball. As of right now, they plan to invest $68.6 million there. To put things in context, the Pittsburgh Steeler are the only other NFL team slated to spend less than $90.6 million on offense in 2024.
The Chicago Bears are expected to spend $239 million in the division, the Minnesota Vikings are expected to spend $210 million, and the Detroit Lions have a squad worth $195 million. With $325.1 million, the Cleveland Browns are the league’s highest spenders. The Philadelphia Eagles ($300.1 million) and San Francisco 49ers ($289.6 million) are next in line.
This is your annual reminder that the salary cap is intended to keep wages low rather than to achieve parity, as there would not be cash expenditure differences in the league exceeding $100 million. For the record, the rebuilding Los Angeles Chargers ($190.3 million) and the Dallas Cowboys ($189 million) are the two teams scheduled to spend less than the Packers.
Andre Dillard, a tackle and former first-round choice who is anticipated to be the team’s swing tackle going forward, is one player who isn’t now counted against the Packers’ financial spending limit. Since Dillard signed with the team earlier this week, the specifics of his contract have not yet been made public, thus it is impossible to predict how it will affect Green Bay’s spending.
However, the Packers might swiftly increase their internal options expenditures for the 2024 campaign. The two biggest 2025 free agents on the team are defensive tackle Kenny Clark and quarterback Jordan Love. It would be simple for the organization to offer them extensions that would include significant signing bonuses, which would immediately propel Green Bay up the cash spending rankings if they wanted to get ahead of their forthcoming contract seasons.
In addition to the rumored megadeal for Love, the Packers will likely want to modify Clark’s contract as soon as possible. With a $27.5 million cap hit, Clark now has the highest salary of any player on Green Bay’s roster. The only player on the 2024 team with a cap hit within $13 million of Clark’s is cornerback Jaire Alexande. An extension might contribute to lowering that 2024 total, giving the Packers additional cap room to negotiate this season’s post-draft trade market.
