Quote:
Originally Posted by WMH
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.
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Nice stuff, I should have figured my old friend aj would have the answer.