Six of eight CFL teams are under 2007 salary cap
Toronto, ON – (April 28, 2008) – Following a comprehensive audit and review process, final results show six of eight teams were under the $4.05 million salary cap for 2007, the first full year of the Canadian Football League’s (CFL) new Salary Management System (SMS), the league announced today.
“The cap is real, it’s being enforced and it’s working,” said Commissioner Mark Cohon.
“It’s working to ensure our league has a level playing field and a sustainable business model. And it’s working in the long term interests of our league, our players and, most importantly, our fans.”
The Montreal Alouettes exceeded the salary cap by $108,285, and have been fined $116,570.
Since they exceeded the cap by more than $100,000, they also lose their first round pick (4th overall) in this Wednesday’s 2008 CFL Canadian Draft, which can be seen live on TSN.ca and CFL.ca at Noon ET.
That pick will revert to the Hamilton Tiger-Cats at the end of the first round, the team that is first in the order of waiver priority after recording the fewest number of wins last season.
The Saskatchewan Roughriders exceeded the cap by $76,552 and have been fined $76,552.
The British Columbia Lions, Calgary Stampeders, Edmonton Eskimos, Winnipeg Blue Bombers, Toronto Argonauts and Hamilton Tiger-Cats were all under the Salary Expenditure Cap (SEC).
Updated First Round Selection Order
1. Hamilton Tiger-Cats
2. Edmonton Eskimos
3. Calgary Stampeders
4. Saskatchewan Roughriders (via Toronto )
5. B.C. Lions
6. Winnipeg Blue Bombers
7. Montreal Alouettes (via Saskatchewan)
8. Hamilton Tiger-Cats (via Montreal Forfeit)
