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I have played 25 years with a salary cap, and the do work, it just takes 2-3 years for all the teams to adjust. If a team is over the cap, they are not allowed to add salary via trade, sign free agents or coaches, or add salary via extension. Even with a cap in place you are still going to have teams that go over because of arbitration. Also salary demands do go down. After 25 years in my league with a $72 million the highest salary is $11 mil/year.
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