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I think they should do it like baseball does. No hard cap but a limit. Say for example 50 million and any team that spends over that amount has to pay an obscene luxury tax to the league. in baseball if you go over the cap amount you have to pay 50% of what you go over to the league and the league then gives that money to the teams that had the worst records and the biggest finacial losses the year before so when the yankees are 40mil over that number they end up having to pay an additional 20mil to the league and the league gives that money to the royals, brewers, tigers etc so that they can afford some bigger name players.
I think the NHL could do well under a system like that so teams like the Rangers and the Red Wings and the flyers that have tons of income can still spend and spend but they will be giving money to the smaller market teams like Calgary in the end which will help calgary get better
either way if they end up with no season this year it will all but kill the league. Hockey in the US gets terrible ratings and they will only get worse with something like this
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