The 10% rule I knew about - but the Red Wings have 15m tied up with guys that are going to be LTIR'd. So, as you said, even with the 10% "padding"..
80M (hypothetical cap) + 8M (10% overextension) - 8.5M (expiring contracts) = 79.5M.. which leaves the Red Wings with no room to do much of anything. So they'll be in compliance, absolutely, but there isn't room to be taking on bad contracts like some folks here are suggesting.
First off, calm down. No need to be so defensive, we're just having a discussion.
But anywyay - this is news to me. Do you have an article that discusses this?
You're way off on your math man. Im not sure where you're looking for your numbers but you are wrong. They literally will have ~20M to spend this offseason as I have shown in a previous post (I think it was a response to someone else though, not you).
And the Wings don't have 15M in LTIR guys for next year, they have ~10M (Franzen and Zetterberg). With the projected cap increase to 83M and 10% overage they can get back 8.3M of that 10M. Green is expected back next season and is not expected to be on LTIR if that's who you're looking at for the extra 5M.
I'll lay everything out again, using rounded numbers for simplicity:
71M in players under contract for next season.
83M the expected salary cap after 3M increase.
Leaves them with 12M in cap space before any LTIR or offseason 10% overage.
ok, so now...
the Wings can spend up to 91.3M in the offseason (83 x 1.1) with the 10% overage. If they spend up to (say) 91M in the offseason, they could then put Franzen and Z on LTIR (make 10M combined) when the season starts, taking them back down to ~81M (91M -10M) and under the salary cap. They lose 2M of cap space for the year (the difference between 83 and 81) by doing LTIR this way.
All of the above makes their effective salary cap space equal to 91M (what they can spend up to) - 71M (current salaries on the books) = ~20M.
They will not get the full 10M in LTIR savings from Franzen and Z but they will get 8.3M of it due to the 10% overage.
Do you understand?