From CapFriendly:
The Training-Camp Equation
The training camp equation can be used on the last day of training camp in preparation for the first day of the season:
ACSL = Team cap hit - LTIR player’s cap hit
Example: The 2017-18 upper limit is $75M, on the last day of the off-season a team has a projected cap hit of $78M and places a player with an AAV of $3.5M on LTIR:
Team cap hit = $78M
Player’s cap hit = $3.5M
ACSL = $78M - $3.5M = $74.5M
To accrue cap space while the team continues to use LTIR, they would need to trade players to get below a projected cap hit value of $74.5M.
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