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[QUOTE="Brooky03, post: 2329534"]
This would destroy any parity in the league, imo.  Right now, if you miss on a top prospect, you're out roughly $30M over 4 years, or something like that.  If he sucks, you still have wiggle room under the cap to make things work, and he's still tradable to an extent.  With the free market idea, you're going to have to pay a lot more for that top prospect.  So, if you miss, you're out what?  $50 or $60M over 4 or 5 years?  With a hard cap, that would put a team firmly in the basement for half a decade.  And top prospect misses are far from rare.  I suppose one could argue that's the punishment for making a bad deal, but these teams are dealing with mostly unknown quantities.  That's one heck of a punishment for not nailing down exactly how successful a 19 year old with only a year or two of usable game footage is going to be.

If you try to alleviate that problem by capping rookie salaries, then you're just funneling players to already talented teams, because more than a couple top 10 teams will be able to make room for a rookie with a capped salary next to one or two All-Stars.  If you're offered the same 'rookie max' contract by a playoff team and a bottom feeder, you're probably choosing the playoff team.

Another consideration is where the cap will actually be set.  If it stays at its current level or increases, then you still have the problem of some small market teams not being able to actually reach the cap because they don't have the money to do it or profit margins to justify it.  And lowering the cap is not feasible because the players union would never allow it, rightfully so.
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