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01-07-2013, 11:32 AM
  #44
haseoke39
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Quote:
Originally Posted by metalfoot View Post
Reading that the new floor is 15% below midpoint, so less a hard floor than before?
No, just a new way of calculating what the floor is. When last CBA was put into effect, cap of $39M meant that a floor at $16M below the cap meant a big spread. Now, as the cap rises, a $16M is proportionally smaller and smaller. So they're just making a new way of calculating the floor that preserves the spread between floor and ceiling.

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