I think that was definitely a factor, but part of it was just...they decided to cave to all their RFAs, it was truly bizzare. Every other team in the league uses the leverage against RFAs with no arbitration rights but they just decided to pay them all like UFAs for some reason. They turned it into a virtue for some reason, like they were doing moneyball by....paying a class of players that is historically underpaid because they don't have leverage as if they were UFAs.
Sure, but they didn't have to overpay their guys to get those bargains, it's not a counterbalancing force because the alternative isn't not having those players, it's not paying Marner like he's a UFA when he's not a UFA. Tampa gets the same type of below market deals too, and Toronto would still have been able to get Giordano/Spezza below market value if their core were making less money (I leave out Bunting and Samsonov because I disagree that they signed below market value).
Yes, but I don't think the flat cap factors in quite as much as the Toronto FO would like us to believe. They expected those contracts to reset the RFA landscape and start a trend of teams paying RFAs big money early in their careers and it just...didn't really happen. Other teams more or less just said no thanks, we'll continue using the leverage we have as a product of the RFA system. The flat cap made things worse for them but even without the flat cap you're still going to be at a huge disadvantage if you decided to pay Marner 11M while Tampa paid Point 6.75M.