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Payroll Room is a term that originated in 2005 with the NHL's new Collective Bargaining Agreement which was negotiated followong a season-long lockout. The new CBA includes a salary cap (formally titled the Upper Limit of the Payroll Range in the agreement). Payroll room is often called cap room in the media. // Athletics Mens 100 metres - Asafa Powell of Jamaica sets a new world record of 9. ... NHL can also be an abbreviation for National Historic Landmark or Non-Hodgkins lymphoma. ... The NHL collective bargaining agreement is the basic contract between the National Hockey League (NHL) team owners and the NHL Players Association (NHLPA), designed to be arrived at through the typical labour-management negotiations of collective bargaining. ... The 2004-05 NHL lockout resulted in the cancellation of what would have been the 88th season of the National Hockey League (NHL). ... In sports, a salary cap is a limit on the amount of money a team can spend on player salaries, either as a per-player limit or a total limit for the teams roster (or both). ...
It simply refers to how much money in a team's salary cap is left over in order to acquire players, whether such players are signed as free agents or join the team via a trade or waivers. In North American professional sports, particularly baseball, football, and basketball, a free agent is a team player whose contract with a team has expired, and the player is able to sign a contract with another team. ... A waiver is the voluntary relinquishment or surrender of some right or privilege. ...
A team can increase its cap room if it trades high-salary ice-hockey players to other teams and get lower-paid players in their place. A team cannot trade its cap room to another team or defer its cap room to subsequent seasons. Other practices once common in the NHL, such as exchanging cash for players or agreeing to pay a portion of a player's remaining salary after trading him, have been explicitly forbidden in the new CBA to try and prevent wealthier teams from evading the restrictions of the cap. Ice hockey, known simply as hockey in areas where it is more common than field hockey, is a team sport played on ice. ... In football, a transfer is the action taken whenever a player moves between clubs. ...
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