A hard cap @ $50m with and excemption for a franchise player means that $10m/$11m salaries can remain and continue to grow. That means with Jagr at $11m that NYR's hard cap is $61m. With Lidstrom at $10m the Red Wings hard cap is $60m and if they need to pay him $15 to sign for next year the hard cap will be $65m. I see the $1 for $1 luxury tax, but that won't stop the spenders from spending. What it will do is stop the midrange teams from spending and tip the league toward the spenders even further. I am hoping this rumor is NOT the deal.