Last year's cap, IIRC, was 2.3M. From last year's roster, these players are gone: Allen, Fred, Emilio, Gomez, Habarugira, Jacobson, Janicki, John, Kocic, N'Silu, Olsen and Szetela. Quite a few, huh? Adding together their base salary figures (in Emilio's case, just the $400k cap hit) from last year gives $1.216M *plus* whatever fraction of Christian Gomez' salary we were paying (I don't really understand the 2009 figures for him in the MLSPU release; they seem low to me, given the terms under which he went to Colorado in the first place). I don't think it's unreasonable to say we dropped at least $1.4M in cap hit. We've since brought in: Allsopp, Castillo, Cristman, Hamid, Morsink, Perkins. What do we know about what we're paying them? The only one I've heard a concrete figure for is Perkins, and even that was just "above $200k." Let's say it's $250k, just for the sake of argument. Let's also say that Christman and Morsink, despite being waived, are being paid here as much as they were making at KC ($34.65k each). Again, for putting something concrete down, I'll say $200k for Allsopp, $250k for Castillo, and $50k for Hamid. That's a total of about $820k. That means we still have at least $580k in cap space -- and that's using last year's cap. Rumor is that this year's increase, assuming successful CBA negotiations, is on the order of another 100k. So, $680k under the cap. That's a lot. You can quibble with my guesses for Allsopp and Castillo's salaries, but I don't think you can quibble that $680k down to a small number. We're *way* under the cap. Or am I missing something? EDIT: As Jason points out below, Hamid is GA, so his salary doesn't count towards the cap. So now we're at an estimated $730k below the cap. (Jason also points out the cap hit we lost with Emilio was $415k, not $400; but since I don't even know for sure what the Gomez hit was, I'll suck that into the $1.4M cap hit lost.) EDIT #2: itwasi below reminds us that Wallace graduated from GA. That's a $55k base salary that didn't hit the cap last year, and does now. So ~$675k. There's also the issue of salary renegotiations, incremental raises, etc. But those aren't going to make that number a small number.