The only reason there is cap in the first place is not for competitiveness, it is for ensuring a 50-50 revenue split. I just don't see the big outrage here. I really don't. Nobody is going to sit out all 82 to circumvent the cap. Even what Vegas is doing now, they might miss the playoffs altogether. I don't see the outrage.
This isn't true at all. If it were true, the NHL would have adopted a soft cap and penalized teams for exceeding that value, adding the penalties to the HRR.
A team like Toronto would gladly pay a hefty fee to exceed the cap.
This would very obviously increase HRR which would be split between the PA and the owners.
What a hard cap does, is artificially level out the playing field and, along with the 3 point games, creates a false sense of competitiveness for teams later into the season. This keeps more buts in the seats of the teams chasing playoff spots longer, therefore increasing HRR.
If we were to eliminate the "loser point", or go to a 3-2-1-0 point system, more teams would be eliminated from contention earlier, therefore lowering the interest level of the fans of those teams, lowering attendance, and ultimately lowering HRR.
Allowing some teams to exceed the cap would have similar effects, but with drastically less impact on the HRR.
However, I would bet that the smart people at the NHL have crunched the numbers and polled franchises to gauge interest in paying fees to exceed the cap, and those revenues would most likely be lesser than that of gate and merchandise for the higher number of teams who are artificially competitive later into the season.