$50m, with an intended procedural move set to occur that we knew about two years ago with one single player that will wipe out most of it, and no real urgent free agents of our own to re-sign.
There is context that no one factors in when discussing our cap.
We have a full roster already and the capacity to create $40m of space within it, and that’s before we start cutting and replacing some spots.
The only people panicking about our cap are fans and media members that don’t look deeper into things.