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I don't think there will actually be a cap...it might be needed but i don't see it happening. and the reason for that is that a hard cap benefits only the poor (or cheap) teams but the rich teams and players have to argee to it too and why would either of them agree to it...not to mention the fact that a hard cap won't work unless you have non-guaranteed contracts and the players would never agree to that...
most likely scenario is to end up with a soft cap & a luxury tax, which will help the poor teams cause it will give them some extra $$ BUT if you look at mlb or the nba you'll see that this won't stop teams from spending big $$ on players, it just changes the way they structure deals and forces them to trade salaries instead of players...this won't completely solve things but it should make things better and it is a compromise that all sides should be able to live with...
unfortunately the thing that probably needs to be done to truly fix things is the elimination of a few teams...so many of the leagues problems stem from bettman's overexpansion which results in dillusion of talent and teams being stuck in cities that shouldn't have teams...but you'd really, really hate to see any city or any group of fans lose there team. so while it might solve a lot of the leagues problems, it is really an option you'd rather not use
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