salarycap
nounUK /ˈsæləri kæp/
US /ˈsæləri kæp/
A salary cap is a rule that says how much money a team can spend on its players.
The league set a salary cap so rich teams can't buy all the best players.
OTHER MEANINGS
2. A maximum amount of money that can be paid to employees in a company or organization.
The company introduced a salary cap for senior managers.
3. A limit on total wages used in business planning to control costs.
The finance team applied a salary cap to next year's hiring plan.
4. In fantasy sports, a fixed budget each manager must stay under when picking players.
In our fantasy league, the salary cap is one hundred dollars per team.