Their is no set salary cap until the draft has been completed. What happens is there is a master list with salaries for each player. We are going with millions (I'm still not sure what the exact prices will be, I imagine they will be somewhat comparable to other lists based on $260...) The salary cap is determined after the draft, by averaging the price of the 23 man rosters of the 12 teams. Whatever this number is will be the salary cap. The Commish feels that there will be people over and under the cap and has come up with monetary penalties if you are indeed over the cap. There are various times in the season when the salary numbers are reveiwed.
So basically salary will only really come into effect after the draft is said and done.
I thought of bidding lower than the sheet value but unfortunately you can't bid lower than book value
So now what I'm trying to figure out is how not to butt heads with any of the other 12 owners.
As I said before there are going to be those owners that bid on Arod, and Pujols, and Vlad... Who do you think will be the first player on the card, and who do you think will be available without a fight?