In the intricate ballet of professional hockey, contracts serve as the vital choreography that dictates the engagements…
salary cap
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**salary cap**
A salary cap is a limit set by sports leagues or organizations on the amount of money a team can spend on player salaries. It is designed to promote competitive balance by preventing wealthier teams from accumulating an unfair advantage through high payrolls. Salary caps can be hard (strict limits with penalties for exceeding) or soft (with some flexibility and exceptions). They are commonly used in professional sports like the NFL, NBA, NHL, and MLS to ensure fairness and financial sustainability across teams.