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There is a cap. Make your deals now.
There is going to be a cap. It was voted on, and Mike stated that there was going to be a cap.
From the rule book:
"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.
The limitations will affect roughly 5% of perpetual teams every spring.
NOTE: MLB teams can't afford to spend more than a certain level before having to trade higher paid players for lower paid and generally younger players. The PB Value limitations will mimic that situation in our PB Traditional Leagues. The Limits will increase parity and make some pennant races more interesting. We understand that certain successful managers will be coerced into trading away talent to meet the limitations, and regret any inconvenience or pain."
The cap will be for 27 players after the rookie draft. If you are above the estimated number, trade a guy for a high rookie pick or FA pick, that way you won't have to cut him.
Unfortunately we aren't in the offseason yet. Real time playoffs are just starting.
I gave an estimate on where the cap is going to be due to requests from other owners. While it is an estimate, it should be within 2-3 points of actual.
You still have 2 months to make trades to get under the cap, so you can wait for a good deal still. Secondly, if your cap number is where its at with more than 27 players, releasing those players will reduce your PB total.