free up cap space

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.
See also:
  • cap space
  • clear waivers
  • waiver
  • hike
  • on waivers
  • have a lot of promise
  • a lot of promise
  • lot of promise
  • another string to (one's) bow
  • another string to your bow