salary cap management

Salary cap management is a financial strategy used by sports teams to regulate player salaries and maintain competitive balance. Each team has a set limit on how much they can spend on player contracts within a specific timeframe, known as the "salary cap." This prevents wealthier teams from dominating by simply buying all the best players. Teams must carefully plan their budgets, re-sign or trade players, and make smart draft choices to remain competitive while staying within the cap. Effective salary cap management helps ensure fair competition and sustainable team success over time.