See excerpt below from the manual. The PB cap only applies in TRAD leagues and it only applies on the date that we cut rosters to 27.


PB Value Limitation: Starting after the Rookie Draft in the spring of 2004, Traditional perpetual teams will be limited by PB value of 125% of the average PB value in the league (please note that the overall talent in all leagues is equal and that a figure rounded to a WHOLE NUMBER representing the average PB value in 20 and 24 team leagues respectively will be announced when we "flip" to the new season every off season). This limit will only be enforced at the time teams are required to cut to 27. After that point, the limit may be exceeded. There are not PB limits in REAL TIME leagues.