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The contract is "worth" $140m.
Anyone still want to pretend that the cap is not crap?
The cap is doing its job. It keeps the massive market teams from dominating the League by spending 2 or 3 times what the others do. Yes, there are machinations that teams use to fudge it a bit from year to year, but those 10% variances in salary spend are the proof that the cap isn't crap. When teams have to get this creative to spend a little more in a given year, the cap is doing its job.