Quoting: BStinson
It’s how you account for fairness for smaller market teams otherwise it would be an extreme advantage for large market teams. It’s also needed to do revenue share with the players.
I don't know...fairness for smaller market teams probably wouldn't have someone like the Yotes being forced to spend $16 or so million bucks this year on bad contracts just to get to the cap floor doesn't seem to be helpful. And yes, I'm absolutely against tanking, but if you're not profitable, you're not profitable. The value that the picks that they received to take on those contracts won't be seen for a few years at minimum, which means they've be right back in the same situation next year.
I guess I'm pro-player and anti-owner though...there's certainly two sides to it, I just absolutely hate the idea that, using this thread as an example, we'd all decide "Trouba is playing extremely well, but we're going to have to buy him out because we can't keep him (Or someone else) because he's "overpaid" and won't fit long term cap-wise". Like, to me, that's foolishness. The cap was put in place to save owners and managers from themselves, yet we're still in the same situation. It's basically just a tool to supress player salaries.
If it were me, I'd propose a hybrid NBA/MLB style ceiling/floor. The NBA's system is complicated AF, but the main thing that I like is that it does allow teams to go over the soft cap to re-sign their own players. Maybe that's the solution? With MLB, there isn't a floor. Now, I'm kind of torn on this one, because I'm not a big "tanking" fan, but again, if you're a team that needs to roll with a $40-60 mil payroll for a couple of years to get your finances in order, you should absolutely be able to do that. Teams that are winning will always sell tickets though, so there's your reason for trying to be competitive right there.
When it comes to revenue sharing, I don't really see how this would affect that at all? A team that could extend their payroll a bit to keep their own players would be able to (arguably) sell more tickets, more merchandise, etc, which in turn would create more hockey related revenue to be spread about. There is zero advantage to the current system, aside from supressing salaries.
There's probably 1000 holes in my thoughts, but that's where I'm at