07-23-2019, 06:29 PM
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#41
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Franchise Player
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Quote:
Originally Posted by Matt Reeeeead
I believe they were able to bank the space throughout the year... like I think in your example their new cap was 73.4, and they were able to utilize as they saw fit by making the transaction the way they did.
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Nope.
https://www.capfriendly.com/ltir-faq
Quote:
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When a player is placed on LTIR, their cap hit remains on the teams cap payroll and it continues to count as it always did. It also does not provide the club with additional cap-space savings that can be banked for future use while the team operates above the salary cap. Instead, LTIR provides relief if the club's averaged club salary, or payroll, begins to exceed the upper limit. The amount of relief that the club receives is calculated on the day the player is placed on LTIR.
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