SALARYCAP

Salary cap

In professional sports, a salary cap is an agreement or rule that places a limit on the amount of money that a sporting club can spend on player salaries. The limit exists as a per-player limit or a total limit for the team's roster, or both. Several sports leagues have implemented salary caps, both as a method of keeping overall costs down, and to ensure parity between teams so wealthy teams cannot entrench dominance by signing many more top players than their rivals. Salary caps can be a major issue in negotiations between league management and players' unions, and has been the focus point of several strikes by players and lockouts by owners and administrators..

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salary cap

Noun

  1. A limit on the salaries paid to the employees of an organization imposed by government or some other body


The above text is a snippet from Wiktionary: salary cap
and as such is available under the Creative Commons Attribution/Share-Alike License.

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