Under New Proposal CAP to drop to 58M
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08-29-2012, 04:19 AM
Join Date: Jan 2009
Originally Posted by
Makes no sense that GMs worked this whole summer with 70 million cap and then they have couple of weeks to shred 12 million of salaries because the cap is suddenly 58 million. Just makes no sense.
This is from the TSN article. What does it mean?
Especially the fixed part?
Could it mean that it would be allowed for teams to be above the cap if they already are? I totally understand that next year the cap would drop to 60 million like the article says, but dropping to 58 this summer makes no sense at all.
I think I might know what they mean by 'fixed'. (feel free to correct me if I'm wrong
) Previously, the cap was determined every year based on last season's revenue, and players were supposed to put money in escrow in case revenue was lower during the current season than projected. Revenues didn't fall under the old CBA, so players got their escrow back.
Under the NHL's proposal, the cap would inflate by fixed amounts even if revenue growth outpaces projections.
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