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Yeah, it's what I thought. If you scroll through the league, it looks like the average amount of cap space available per team is under $1 million. L.A. just acquired a bunch of salary in a trade with Ottawa, which put them over the cap. Normally in that situation they'd make some salary-dumping trades, but they need to move 6+million of cap hit and nobody (besides your team) has even half that amount of space available.
So they attempt the trades, nothing happens, and that forces them into the doomsday option: scraping out every bit of savings possible by sending guys to the minors and calling up minimum-salary players to get a few hundred thousand in cap space for every such exchange.
It would probably be a good idea to, next July 1, edit the cap upwards a bit and lower all the team budgets by $20-30 million each to keep them from spending so aggressively (which I think may be the root of this situation, all the budgets are well over the cap.) Otherwise you'll see more movements like this when teams exceed the cap. Even with that, it may take a couple of years for the finances to get back to stability again.
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