- Free Agency
TORONTO — An extensive audit process has confirmed eight of nine teams were under the Canadian Football League’s salary expenditure cap for 2014, the CFL announced today.
The Hamilton Tiger-Cats were the only team to exceed the cap. Their total salary expenditure of $5,008,939 was $8,939 over the salary expenditure cap of $5,000,000. They will be penalized one dollar for each dollar they were over the cap for a total fine of $8,939.
“The salary management system was brought into the CFL to provide competitive balance and responsible business practices,” said Michael Copeland, President and Chief Operating Officer of the CFL. “It is clear, with eight of nine teams under the cap, our teams understand that for the continued growth of our league, we have to remain fiscally responsible.”
The salary management system was introduced in 2007.
The system’s review process includes detailed field audits of all nine clubs twice per year, once during the CFL season and once following its completion. Teams are also required to provide regular updates on compensation levels at the 6-game, 12-game and 18-game point of the season.
Under the provisions set by the league’s Board of Governors, teams are fined one dollar for every dollar they exceed the cap up to $100,000, and two dollars for every dollar they exceed the cap between $100,000 and $300,000, plus the loss of the team’s first round draft pick. Teams are fined three dollars for every dollar they exceed the cap beyond $300,000, and they lose their first two draft selections.
As no team exceeded the cap by more than $100,000 in 2014, the order for the CFL Draft on May 12 is not affected. It remains (barring trade) for the first round: