The NFL announced Friday an extraordinary increase in the salary cap, increasing the cap an eye-popping $30 million per team.

Teams will now have a salary cap of $255.4 million for the 2024 season.

In a press release, the NFL says the “unprecedented $30 million increase per club in this year’s Salary Cap is the result of the full repayment of all amounts advanced by the clubs and deferred by the players during the Covid pandemic as well as an extraordinary increase in media revenue for the 2024 season.”

According to Over The Cap, the Vikings now currently have around $37.8 million in current cap space.

So what does that mean for the Vikings who have some significant contracts to deal with, notably Justin Jefferson and Kirk Cousins?

“From the Vikings’ point of view, I don’t think it changes all that much,” Matthew Coller of Purple Insider said to Bring Me The Sports. The cost of free agents increases in tandem with cap increases, making it more difficult to negotiate a large quarterback contract. However, it might allow some other teams to offer Cousins more cap space. Regarding Jefferson, it somewhat lessens the blow of him rising to the position of highest paid receiver in the league.

Jefferson is widely expected to sign a contract extension that resets the market for wide receivers and potentially all non-QBs after a record-setting start to his career.

Cousins is out of contract in March after six season with the Vikings. He is set to be one of the most coveted free agents on the market with teams such as the Atlanta Falcons, Las Vegas Raiders and Pittsburgh Steelers rumored to be interested in the 35-year-old.