Quote:
Originally Posted by painekiller
Just remember this is not congress, when you borrow the $3MM you will have to pay it back, meaning in a latter year you will have to lower your cap by $3MM. So borrowing from the cap for a team like the Ravens who are getting older might make sense, but for a team that appears to be on the rise that would not appear to be the smart move.
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PK - I saw this from a comment from Alan Burge regarding this very topic. While you can't keep borrowing forever (unlike Congress), for the first year or two, it might not be as big of a deal as we think.
Quote from Alan's comment section:
"teams will have to be under the cap on August 4 but the new CBA provides a $3.5 million cap credit this season plus the ability to borrow $3 million from future salary caps this year and $1.5 next year. That's significant because caps are projected to increase with revenue over the next several years, enabling teams to repay the 'cap loan'"
Interesting stuff...note - he says "caps" - plural, a mill here a mill there could wash away pretty quickly with the rise each year in this new arrangement.