Question

Each team in the league can spend a maximum of $33 million per year on salaries. If the Whalers have 45 players and the average salary is $700,000, how much do they have left under the cap? a) $1 million b) $1.5 million c) $5 million d) $10 million

Answer 1

Answer:

The correct answer is (B)

Explanation:

Each team in the league has a limit of $33 million every year on compensations, and they have 45 players with a pay of $700,000. Firstly, we need to find the total salary of 45 players.

$700,000 * 45 = $31,500,000 is the total salary of 45 players  

$33,000,000- $31,500,000 = $1,500,000

According to the results, , the sum that they have left under the Cap is $1,500,000.