: Salary Cap:
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01-08-2011, 03:03 PM
Join Date: Jun 2007
Location: Media, PA
Originally Posted by
The reason is because you can't "ration out" your banked cap space when you're in an LTIR situation. What that means is, if you've got $400,000 banked on deadline day, you can't just spread that out as $9,523 per day over the remaining 42 days to give yourself extra room -- you have to spend all of it first before you dip into LTIR. So at some point before the end of the season, once the banked space is gone, the Flyers' daily spending will not be able to exceed the cap by more than ~$15,412 (their daily LTIR allowance).
It's pretty messy stuff, as the Flyers might be able to do some cap gymnastics to squeeze out a little more space, but $3 million is a pretty safe estimate according to our calculations.
Hope that helps,
Similar to what I've been preaching for years here, lol. LTIR (which the Flyers are almost always using, Hatcher, Rathje, Lappy, Walker just to name a few the past few years) DOES affect the cap, specifically when it comes to "banking" cap space.
Thanks for the extra clarification.
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