‘According to the formula, a dollar-for-dollar luxury tax will kick in at the midway point between the floor and the cap. If the floor of the lowest team proves to be $22-million and the cap on the highest team is $36-million next season, then the tax will come into effect at $29-million. This will allow the wealthier teams to spend a little more money, but will prevent the large gaps in spending in the previous agreement that saw teams like the Pittsburgh Penguins with payrolls as low as $18-million, while the New York Rangers were spending $80-million.’