by Andrew on Sun May 08, 2005 8:10 pm
Alright.
To get cap room, you need to reduce your total amount of salaries. You can do this by trading players with big salaries for players with small salaries. For those trades to go through, the team you're trading with needs to have cap space (ie they're below the salary cap) so they can accept the players with bigger salaries.
Alternatively, you can trade players with similar salaries but different contract lengths. For example: you trade a player with a contract for $5,000,000 with 3 years remaining for a player with a contract for $5,000,000 with 1 year remaining.
At the end of the season, his contract expires and if you don't re-sign him, that's $5,000,000 off your total salaries. You're over $28 million over the salary cap though, so you'll need to offload some really expensive players (preferably ones you don't want) to get back under the salary cap (ie get cap space).
Again, the salary cap is the limit, cap space (also known as cap room) is the difference between your total salaries and the salary cap. If your players' salaries add up to more than the salary cap, you don't have any cap space, thus in the Manager's Statement you will see a negative figure (like -$28 million).