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Originally Posted by Bearcat
It says a lot when you're willing to take a 24% paycut... even if they are millionaires.
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Big deal. Once Illitch and Kroenke get their money back from the 24% paycuts, they'll go out an sign free agents like Pavol Demitra and Teemu Selanne to 24% more money than their worth. And the average salaries will go right back up again.
It's not a matter of owners needing to be responsible enough to not lose millions of dollars. It's the fact that owners who want to win will end up outbidding each other for the best players, driving the salaries up. And owners who want to be responsible and not lose money will be lambasted by their fans (like Lamar Hunt has) for not trying to win.
A salary cap is necessary.