The NFL’s salary cap just took a massive leap.

The league announced the 2024 salary cap will be $255.4 million per team with an additional $74 million per club payment for player benefits, which include performance incentives and benefits for retired players. In total, player costs for ’24 will be just under $330 million per team, totaling up to $10.5 billion for the entire NFL.

The historic $30 million increase in the cap resulted from increased media revenue for the 2024 season and deferred payments from the COVID-19 pandemic, leading to the cap’s unprecedented spike.