No my sources look to be correct and so does TG, NJ.com, Rich Chere and Mike Mazzeo: Lou has until September 17th the start of training camp to get under the cap.
You and anyone else who says the 17th is WRONG.
page 200 of the CBA states:
(B) Nevertheless, in order to ensure that Clubs may have
sufficient time and flexibility to plan their rosters during
the off-season, the Upper Limit shall be temporarily raised
by ten (10) percent to permit Clubs additional flexibility
with their Averaged Club Salaries during the period from
July 1 until and including the last day of Training Camp.
On the day following the last day of Training Camp, the
Upper Limit shall again be lowered to the level as
calculated in Section 50.5(b), and all Clubs must once
again be in compliance with the Upper Limit from the day
following the last day of Training Camp until and including
man SD you and your, ahem, contacts are having a rough summer so far
Edited by brickwall30, 31 August 2010 - 02:11 PM.