I will leave it in the capable hands of Fausto and team to sort out, but what do you think happens if the total player base is worth 4,000 points... Salary cap is set to 1,000 for 4 squads... And one squad fills out their team with 700 worth of players?
A salary cap option is more difficult than a draft option. There's more room for error. That creates the advantage of being able to play with people you like more, but that's the only real advantage over the draft option (although I understand it's an important one).
Edit: not suggesting a floor, but the captains need to work with the system to make this work. That might even mean recruiting people you wouldn't normally play with to stay within a reasonable range that doesn't ruin the salary cap concept!
Edited Jul 7, 2016 6:52 PM