Updated NFL Salary Cap Outlook for All 32 Teams Entering Week 2 of Free Agency 2024

Now that the first major wave of free agency is in the books and most of the expected salary-cap casualties have had their situations resolved, it's time to update where the finances for all 32 teams stand.

The good news is that everyone is currently cap compliant, though there will likely be more moves coming as some clubs will need to free up space to be able to sign their draft picks and any remaining free agents.

Here's what the cap situation looks like for every team entering the second week of free agency, ranked from most money available to least:

• Washington Commanders: $62.4 million
• New England Patriots: $54.6 million
• Tennessee Titans: $46.8 million
• Philadelphia Eagles: $39.2 million
• Los Angeles Chargers: $38.7 million
• Detroit Lions: $34.3 million
• Cincinnati Bengals: $30.9 million
• Chicago Bears: $30.9 million
• Arizona Cardinals: $30 million
• Las Vegas Raiders: $28.3 million
• Green Bay Packers: $24.6 million
• Los Angeles Rams: $23.5 million
• Denver Broncos: $22.6 million
• Indianapolis Colts: $22.4 million
• New York Jets: $20.4 million
• New Orleans Saints: $18.6 million
• Houston Texans: $18.5 million
• Carolina Panthers: $18.3 million
• Minnesota Vikings: $16.9 million
• Seattle Seahawks: $16.2 million
• Jacksonville Jaguars: $16.1 million
• Pittsburgh Steelers: $15.7 million
• Kansas City Chiefs: $15.3 million
• San Francisco 49ers: $14.7 million
• Baltimore Ravens: $14.1 million
• Buffalo Bills: $10 million
• Tampa Bay Buccaneers: $9.4 million
• New York Giants: $6.5 million
• Cleveland Browns $6 million
• Miami Dolphins: $4.5 million
• Dallas Cowboys: $4.2 million
• Atlanta Falcons: $3.4 million

Salary cap figures via OvertheCap.com

Justin Simmons, Chase Young, Jadeveon Clowney, Mike Williams, Kevin Zeitler and Odell Beckham Jr. are among the notable free agents still available.

The salary cap for the 2024 season is $255.4 million, an increase of $30.6 million from the previous year. It's the largest single-season increase since the cap system was implemented in 1994.

When the league finalized the number for next season, the top three teams in cap space were the Washington Commanders ($87.05 million), New England Patriots ($82.9 million) and Chicago Bears ($80.4 million).

Chicago's aggressive offseason has dropped it down to eighth in available cap space, though it still has more than $30 million to play with. The Bears' biggest moves have been signing cornerback Jaylon Johnson to a four-year, $76 million deal and acquiring Keenan Allen from the Los Angeles Chargers for a 2024 fourth-round draft pick.

Allen revealed during his introductory press conference with the Bears that the trade came about after he rejected the Chargers' request for a pay cut. Chicago was happy to take on his $23.1 million cap hit to boost its receiver room presumably for a quarterback who will be selected with the No. 1 overall pick.

Even though the Chargers parted ways with Allen, they've done a great job of making themselves cap compliant. They were originally $22.1 million over the line when the cap was set.

After trading Allen, releasing Mike Williams and restructuring the contracts for Khalil Mack and Joey Bosa, the Chargers have the fifth-most cap space in the league at $38.7 million.

Considering the Philadelphia Eagles handed out two big contracts in free agency to Bryce Huff (three years, $51 million) and Saquon Barkley (three years, $37.75 million), they've actually managed to increase their flexibility by $7 million from where it was when the cap was originally set ($32.2 million).

The Eagles are set up so that they could try to keep Haason Reddick with Josh Sweat and Huff for next season if they wanted to. Sweat seems likely to stay after restructuring his contract last week.

CBS Sports' Josina Anderson reported on Feb. 28 that "several teams" were showing interest in Reddick. The 29-year-old is entering the final season of his three-year, $45 million contract.

The biggest free-agent contract signed so far this offseason was Kirk Cousins' four-year, $180 million deal with the Atlanta Falcons. The four-time Pro Bowler will get $100 million guaranteed.

In addition to Cousins, the signings of Darnell Mooney and Charlie Woerner have pushed the Falcons to $3.4 million over the cap. They have the least amount of flexibility available right now.

Coming in just ahead of the Falcons with $4.2 million in cap space is the Dallas Cowboys. They got there by converting Dak Prescott's $5 million roster bonus that was due on Sunday into a signing bonus, per ESPN's Field Yates.

Prescott, who is entering the final season of his current contract, is still eligible to sign an extension with the Cowboys. This isn't exactly the blockbuster move Cowboys fans have been anticipating for a team that's been very quiet this offseason.