Before the salary cap, the New York Rangers were consistently at the top of the league in spending. They also consistently missed the playoffs. The NHL is not Major League baseball. Winning is more about putting together the best team (at least that’s how it was when they pushed the salary cap) rather than the best collection of overpriced individuals.
It’s not just that the Rangers proved that you couldn’t buy championships. There were also a number of financial weak teams having success. When people kept pointing out that success was about more than money, the league changed their arguments. They insisted that it wasn’t about the inability to for poor teams to compete as much as they were concerned with teams having to shed expensive players once they have some success.
What happened after the cap? Successful teams started dumping players due to issues with cap space. The salary cap did nothing to help the financially struggling teams (Unrelated to my core issues, the recent lockout was primarily due to the problems that the salary cap structure created for the teams that it was designed to help). Instead, it hurt the teams that were in strong financial standing.
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