When the NHL ushered in the salary cap in 2005, the benefits were obvious. In order to survive, the league needed cost-certainty. Both a ceiling and a floor were established for team payrolls, creating a far-more competitive landscape.
Look no further than the first-round matchup between Nashville and Detroit in the 2004 playoffs to see the absurd disparity that once existed. The Predators managed to ice a team for a grand total of $23 million dollars that season. The Red Wings? They were shelling out a whopping $80 million bucks.
However, the cap does have its clear downfalls. [...]
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