David Singleton
Registered User
They have just under $3M in current cap space and $2.4M in "projected" cap space. The difference between the two is the $0.6M of Turris' cap hit that counted against Ottawa because he was on their roster for just over 1/6th of the season. $0.6M is just over 1/6th of Turris' $3.5M cap hit this season.
To answer your question, GeauxPreds1, CapFriendly has the Deadline Cap Space at $11,323,838. Basically, because the Preds have been and probably will continue to be a few million under the cap, that difference accumulates like money gaining interest and they'll be able to spend it plus the interest later. Being ~$2.9M under the cap for the first 4 months before the deadline adds up to over $11M to spend at the deadline. That means that they'll be able to add players whose cap hits on the entire season add up to that. For example, Neal's cap hit is $5M, so two James Neals could be added. In other words, unless they add significant salary between now and then, they won't be constrained by the cap at the deadline.
Very, very well explained.