Some good news plopped onto the Dolphins’ laps Friday when the NFL set its salary cap for 2024.

The league’s new cap is $255.4 million, well over the $240 million-plus it was expected to be, according to the league’s website.

More specifically as far as the Dolphins are concerned, it means they’re not $52 million over the cap anymore, but closer to $38.4 million, according to overthecap.com. That translates to “effectively” being $46.2 million over the limit when necessities such as space to sign draft picks are factored in.

More: Let's examine the highest-paid Miami Dolphins in 2024

The $255.4 million represents a leap of more than double the 2013 cap, which was $123 million. And it’s light years beyond the 1994 figure of just $34.6 million, which would get you one Tyreek Hill in today’s NFL, but not much more.

That extra $15 million of wiggle room, in Dolphins terms, is virtually equal to the 2024 cap number for linebacker Jerome Baker ($14.7 million) or two David Longs ($6.7 million).

None of this means general manager Chris Grier can head off on a long, European vacation, but at least it gets him closer to the finish line.

Dolphins reporter Hal Habib can be reached at  hhabib@pbpost.com. Follow him on social media @gunnerhal. Click here to subscribe.

This article originally appeared on Palm Beach Post: Miami Dolphins get good news as NFL sets salary cap. Here's why.