This thread took a turn while I gathered some cap numbers but, yeah, Seattle won’t take Subban simply because cap space will be more valuable this ED.
Not only is the cap flat for a second year, the season after Vegas’ 1st there was a big bump in cap from the new revenue, the Cap Limit went from 75m to 79.5m in 2018-19. So not only were teams expecting the cap to go up several million these last two seasons, they were expecting a massive jump after Seattle’s 1st season. But in the revised CBA it can only go up 1m in 2023-24 and it might not go up at all (it’s dependent on increased revenue that’s likely not there yet). The players’ escrow is too in “debt” after all the lost revenue.
Cap Friendly has Vegas’ 1st 2017-18 final cap hit at 68.7m, with 6.3m remaining cap space. The Cap floor was 55.4m and the Cap limit was 75m.
Vegas clearly didn’t have any problem clearing that cap floor. This time more teams will be exposing better players with big contracts in hopes of clearing cap space (plus bribing for cap dumps), there’s just no way Francis can commit 11.04% of his entire cap on one individual player when the cap won’t go up much for a year or two more due to escrow issues (I apologize that I put PK’s old Cap % in my 1st post). Francis won’t have drafted star prospects on value ELCs, he won’t have a prospect at all unless he horse trades for them, he’s going to have a number of unwieldy contracts and Subban’s number is simply too big.
What were things like cap wise for teams in 2016-17 before the Vegas ED?
Cap Limit: 73m Cap Floor: 54m
In 2016-17, 4 capped out teams were +1m the Cap Limit (some by quite a lot) , 7 ~capped out teams were above it by less than a 1m of the CL, 3 teams were > 1m below the CL, 9 teams were between 72m-70m and 7 teams were <70m.
The four highest teams’ “Cap Hits”: DET (78.9m), PIT (77.6m), ANA (77m) and ARI (75.3m).
How about 2020-21?
Cap Limit: 81.5m Cap Floor: 60.2m
So in 2021-22, 11 capped out teams cap hit projection are +1m above the CL (some by a lot), 4 more ~capped teams are projected to be above it by less than a 1m, 5 teams are projected > 1m below the CL, 6 teams are projected between 80.4m-78.6m and 4 teams are below that.
The eleven highest teams “projected Cap Hits”: TBL (98.6m), STL (90m), NYI (88m), VAN (86m), CHI (85.5m), WAS (85.2m), ANA (85.2m), EDM (84.8m), DAL (84.2m), WPG (83.7m) and TOR (83.4m).
This can’t be the best time for these projected cap figures but it still gives us a sense of how f***ed most teams caps are. Just because FAs a feeling the brunt of it and we aren’t being gifted teams’ best young players doesn’t mean these caps aren’t a nightmare that are going to get worse before they get better. Teams were counting on cap being at least 10m more then they will be in 2022-23, that’s devastating. They might take Subban if we would retain 1/2 but with size of contracts teams will be dumping, 9m is too much. I don’t see how it’s feasible much less the best use of their limited valuable cap space.
Those are rough rundowns from the archived 2016-17 archived caps and the current one on Cap Friendly. I did it relatively quickly, so apologies for any errors.
Past Salary Cap Payrolls - CapFriendly - NHL Salary Caps