The Cap Sheet
Breaking down the business of sports — salary caps, valuations, TV deals & more.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 41 | Founded | 5 months ago | Last Issue | 5 days ago |
| Active | |||||
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capsheetofficial.substack.comLatest Issues
Borrowing Against 2027
In February, Kansas City was more than $50 million over the projected salary cap. It fixed $43.56 million of that in a single afternoon without releasing one player.
The move was a restructure of Patrick Mahomes’ contract. The Chiefs conve...
The Cap Is a Calendar
Miami will spend about $117.0 million on its roster this season. It will spend about $179.2 million on players who are no longer on it.
That is not a typo and it is not a penalty. It is the largest dead-money figure in NFL history, and eve...
Baseball's Toll Booth
Baseball is the only major North American sport without a salary cap. This is usually described as a loophole, a sign that the richest teams can simply buy whatever they want. The reality is more interesting. Baseball did cap spending. It j...
What a Deadline Rental Actually Costs
Baseball’s trade deadline arrives Monday, August 3, at 6 PM Eastern, and over the next week a handful of contenders will trade genuinely good prospects for players they are about to lose. To an outsider it looks reckless. It is not. It is o...
The Real Price of Winning a World Cup
A World Cup title pays a champion in five different currencies, and only one of them shows up on the night. Spain won the trophy on Sunday. Pricing what that is actually worth means reading past the prize money into four ledgers that never...
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Breaking down the business of sports - salary caps, valuations, TV deals & more.
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