All eight CFL teams played with the salary cap rules last season so no club is getting fined and none will lose any draft picks, the league announced Monday.
It’s the second consecutive year that all teams were under the CFL’s salary cap, which will be $4.4 million this season after being at $4.35 million in 2012.
CFL commissioner Mark Cohon said it’s clear the system is working.
“Our teams are committed to the cost certainty and competitive balance that it provides,” Cohon said in a statement released by the league. “With a bright future and strong foundation, the salary management system will continue to be vitally important to the long-term success of our league,”
The salary management system was fully implemented for the 2007 season.
Under the system, teams must provide regular updates to the league at the six, 12 and 18-game points of the season.
Teams are fined one dollar for every dollar they exceed the cap up to $100,000, and two dollars for every dollar they exceed the cap between $100,000 and $300,000, plus the loss of the team’s first round draft pick. Teams are also fined $3 for every dollar they exceed the cap beyond $300,000, and they lose their first two draft selections.
This year’s Canadian draft goes May 6.
(Toronto Star)
(Toronto Star)
2 comments:
Hopefully this will shut the Rider haters up
I call Bull Sh*t In the 306. someone pulling the wool over Cohon's eyes.
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