These numbers are slightly adjusted from OverTheCap’s initial projections, which had originally placed Detroit with $63 million in cap space and $55 million in effective cap.
The Lions currently rank eighth in the league in cap space, and they have $177,167,136 already committed to players in 2024. As it stands, the organization has 45 players on its roster.
With the increased salary cap, the Lions have plenty of money to spend in free agency. However, Holmes hinted in his season-ending press conference that the organization would be committed to retaining its young talent.
Detroit has 19 unrestricted free agents set to hit the market in March currently, and it’s already agreed to a one-year deal with kicker Michael Badgley. Several key players are among this currently unsigned group, including starting guards Jonah Jackson and Graham Glasgow.
With the offensive line being one of the team’s biggest strengths, it’s easy to see keeping this group together being a big priority for Holmes and company. However, the increase in cap allows the team to be more flexible.
One major element to consider is that the Lions have several young players who are extension-eligible beginning this offseason. Jared Goff, Amon-Ra St. Brown, Penei Sewell and Alim McNeill are among those who could warrant new deals, so the staff would be wise to budget for this.