What Is a Salary Cap in Sports Leagues
The gist
A salary cap is a limit on how much money a team can spend on player salaries, used to keep competition fair and balanced among teams.
Explain like I'm 5
Imagine a game where everyone can only spend the same amount of allowance on toys, so no one has way cooler toys than others; that's like a salary cap for sports teams.
Big picture
Salary caps help prevent wealthy teams from buying all the best players, which keeps leagues competitive and interesting for fans and players alike.