Breaking down the latest salary cap situation of Capitals

The Washington Capitals are in debt just like we all are in this economy. At least that’s according to the lovely and reliable CapFriendly.com.

Before I break down their numbers let’s look at what the NHL set the salary cap to this season. Back in March the league announced the figure increased to $83.5 million after it remained lower or flat in the pandemic years.

Finally, right? Well Caps are already in the hole.

Their projected cap hit is at $84,200,834. Their projected cap space is not only $0 but also -$700,834. Of course that could change.

Max Pacioretty told reporters after the Caps signed him that he won’t be fully healed in time for the season. Does he go to long term injured reserve for some cap relief?

That might not even come down to that unless the Caps are unable to execute a trade. The Caps roster size right now is that they have 21 out of the 23 players required for the roster. So two positions left to be filled and a couple of big trades they got to execute are coming up.

If the Caps can get Anthony Mantha’s $5.7 million and Evgeny Kuznetsov’s $7.8 million off the books it can give the Caps some salary cap wiggle room depending on the return they get in the trade.

But until that happens we have to wait it out. But maybe the Caps are giving the spotlight up the next few days to the local football team and those Caps fans that also root for them. It’s been a long time coming for all of us.

It didn’t matter how you became a sports fan and it doesn’t even matter what team you cheer for. Everyone knows Daniel Snyder is the worst owner in sports. Tomorrow will be the biggest sports day in the city until Alex Ovechkin breaks the big record. Enjoy it!