So what’s the strategy behind using or not using LTIR space?
We needed to use LTIR because we couldn't fit everyone under the Maximum cap hit, and have room for trades, call-ups, injuries, etc. But under LTIR, you don't accrue cap space. You lose cap space. If you have $5m in LTIR cap space at the beginning of the year, with each call-up, etc, you're eating into that space. It wasn't a concern for us because we had the entirety of Price's $10.5m.
If you can stay under the cap, you accrue cap space with each passing day, so say, you start out with $750,000 in cap space at the beginning of the season by trade deadline that can easily be $5m-$8m in space.
As well as player bonuses earned through the year can be applied to that space, whereas in LTIR it's not allowed.
That means if the Salary Cap is $85.5m next year, and the bonuses earned this year was $2m, it gets applied to next years salary cap leaving us with an $83.5m cap.
As a team with a lot of player bonuses due to a lot of ELCs, LTIR isn't really an advantage for us, but we've had no choice. Next year, we have a choice. I expect they decide not to use LTIR.