As of Saturday, according to CapFriendly, five teams had zero cap space with another six owning space of less than $250,000, all an injury or two away from calamity.
Besmirching the sweater and cheapening the logo while enriching the bottom line by selling advertising patches on jerseys? The pandemic made the NHL do it.
Yes, I know, the ad money — Don’t you love how teams attempt to spin these sponsors as “patch partners,” or whatever other equally foolish euphemism they can find — will boost the salary cap, but there is that whole pesky means-and-end thing to consider. Teams that plotted their business responsibly while anticipating an annual increase to the cap have been cut off at the knees by terms of a CBA extension forged in a time of economic — and psychological — duress.
Instead of applying that formula, the league should divide the three-year $9.5M increase equally, starting with 2023-24. Thus, a $3.15M increase for each of the next three seasons that could be adjusted in concert with revenue projections.
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