I'd say no to a hard cap, but have a minimum and maximum soft cap.
Just throwing out numbers, but let's say 165M is the cap ceiling. Anything over, and the teams must pay a luxury tax (the more consecutive years you're over, the worse the penalty), with all the money going to the teams who haven't been penalized within the last 2 years.
The cap floor is 82.5m(aka 50% of whatever the ceiling is). If you're under that number, you don't get any money that's dished out from the taxes (this gives cheaper owners incentive to spend. If you seriously can't spend money, why do you deserve getting free money or owning a team?)
Players on the IL don't count towards the cap (similar to the NHL Long Term Injured Reserved cap rules). You get penalized per total days over the cap. So if season is 187 days and you're over the cap for 90 days, you get taxed for the 90 days,but since you weren't over the cap for majority of the season, you don't count as a tax offender for the full season (therefore, next season you start a clean slate all over again).
So if season is 187 days and cap is 165m, you can spend on average of 882k a day without going over the cap (so a 10m player counts as just under 53.5k a day).
Comment