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Originally Posted by GoChiefs
Luv, the cap is simple.
The Chiefs, and every other team, basically have a set amount of money to spend on 53 players every year. I think it's about $110 million at the moment.
It increases every offseason to account for...inflation, or some bullshit.
It's done this way so the NFL doesn't become like major league baseball. Where the Yankees are the best team more often than not because they have the most money to spend on players.
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You are basically right with the exception that many of the teams have the money to spend but the owners just don't want to spend like old George.
It would be interesting to see how rich each of the owners might be and how much they actually invest of their own money. As far as investing their own money I'd bet that George is #1.