Your “outliers skew the mean” argument doesn’t pertain here. While it is true that a single outlier (or multiple one-dimensional outliers) will affect the mean in that direction, in our situation we have two outliers on opposite ends of the spectrum. FLO is the ONLY team in the league within $100 of our present cap and, more importantly for our outlier discussion, $76 more than the second highest salary so it is definitely an outlier. In this case, the two outliers cancel each other off for lack of a better term and have minimal effect on the mean. This is especially true when the outliers are equidistant from the mean which is pretty much the case here (MC -152.5, FLO +142.5).

Maybe I should have used a different measure of central tendency to make my point. The median salary cap figure (not affected by outliers) is $262 as of 2/13. Either way, a cap of $425 was OK when we were using the old book but is definitely
out-of-whack using the newer book. In the best interest of the league, the cap should be lowered to $350 or $375.