POW!
Exactly, though. We actually have it both ways. We have no cap, and a $35M cap.
If you're over the cap and need to fill a spot from the FREE AGENT list, you're screwed. I carry 23 skaters and 3 goalies. I never have to go to the free agent list to fill 20 roster spots.
BUT, if you want to keep re-signing Orosco, Tise and Antonio until they die, you can, as long as you're making enough money to stay in the black.
If you decide the team you have can't win it all, you have to get back under the cap to hit the free agent market to reshape it.
Or, if you see a guy on the free agent market you think you can't live without, you have to get under the cap to get him.
Methinks the days of the free agent frenzy, staying up until 2:00 AM are over. You have to think long-term. Teams will have no cap space to shop with.
It benefits me, because I'll be $3M under the cap after my old guys walk. I can add another piece or two, THEN re-sign whoever of the eight guys that are up I want. I can keep the core of this team together for 15 seasons or so if I want to. I've got 9 guys with 85+ potential, and an average age of 23.3 without the old guys.
They might as well re-name the trophy after me now bizzatches!