free up cap space

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free up cap space

In sports management, to increase the amount of money that a professional team has available to spend on players' salaries, such as by trading or releasing players. (A salary cap is a limit on the total amount of money that a team can spend on players' salaries.) The team released a few players to free up enough cap space to sign its star center.
See also: cap, free, space, up
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
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References in periodicals archive ?
Daryl Morey has been freeing up cap space by trading away beleaguered center Omer Asik to New Orleans and now, rumours are ripe that the Rockets will free up some more by sending Jeremy Lin and his $8 million cap hold to the Philadelphia 76ers or the Milwaukee Bucks.