10% Overage on Cap (Off-Season)

[PigsRule]

Per my PM to all owners...

The standard practice in FNHL during the off-season has been a 10% overage allowance on the cap.

So if winning a free agent puts your team's salary over the 2013-14 cap of 64.3m but doesn't exceed the 70.7m overage limit, you are fine until the 1st game of the regular season.

[PsychoticPondGoons]

The more bidders the merrier! Bring it on guys! LOL

[PsychoticPondGoons]

You do realize giving teams more cap to play with is like handing them more rope to hang themselves. At least for some guys. LOL

[PigsRule]

Given the salary cap dropped significantly from 70.3m to 64.3m it's good for all teams to have extra cap to make the needed adjustments they need for the upcoming season.

Also keeps FA bidding interesting. That's the principle of free market economics.

[PigsRule]

:bump:  reminder to all... but make sure if you go over the cap to get back within the 64.3m cap before the transaction freeze period.


you all know where to check league deadlines. :judge:

[PigsRule]

Also remember, teams can use the 10% salary overage during the off-season but need to have sufficient roster spots available to sign players (ie. cannot exceed 30 MLR spots).

[PigsRule]

Please note, by the start of the season your team needs to comply with the 2013-14 FNHL Salary Cap limits. LINK
http://www.profsl.com/smf/index.php?topic=8269.0

Salary Cap
Salary will be a flat hard cap.

2013-14 Mirror NHL as of Feb 4, 2013 @ 11h51 ET
-- The Upper Limit:  $64,300,000
-- The Lower Limit:  $44,000,000

...

Penalties For Non-Complance
Below OR Over Cap (1 week warning in effect after which penalty will be levied) = Lose Highest draft pick or at the discretion of the league commissioner(s) lose a player from active roster or receive $1.0m cap penalty for season if over cap or lose top rated MiLR player.
note: owners need some time to comply but given this is a salary cap league, the penalty must be severe.

...

Also keep in mind there's a Transaction Freeze Period about to start September 25 23h59 EST.

[PigsRule]

Time for teams using the 10% off-season FNHL overage allowance to figure out how to get under the 2013-14 FNHL cap ceiling of 64.3m...

And again, there's a Transaction Freeze coming end of day September 25th.

[PigsRule]

reminder to all teams that if your team is over the 2013-14 salary cap limit, or even below... get it fixed or the penalty will be imposed after 1 wk...

Salary Cap
Salary will be a flat hard cap.

2013-14 Mirror NHL as of Feb 4, 2013 @ 11h51 ET
-- The Upper Limit:  $64,300,000
-- The Lower Limit:  $44,000,000

...

Penalties For Non-Complance
Below OR Over Cap (1 week warning in effect after which penalty will be levied) = Lose Highest draft pick or at the discretion of the league commissioner(s) lose a player from active roster or receive $1.0m cap penalty for season if over cap or lose top rated MiLR player.
note: owners need some time to comply but given this is a salary cap league, the penalty must be severe.