Quote:
Originally Posted by Rausch
IIRC the carryover is why we have such huge space.
And we were required to spend it this year.
So...........why no spend?
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We did spend it.
Cap space is not the same as cash spent.
In other words, we've handed out a lot of front-loaded contracts, big bonuses, etc.
They get applied to the cap pro-rated over the life of the contract but they go on the books as cash spent.
If we give Cassel a $20M signing bonus on a 5-year deal, that entire $20M figures into the cash spent against cap mandate in the new CBA, aka it's part of the $119M.
However, it only counts $4M against the 2013 cap.