im no expert but im not misinterpreting it. i understand that the floor indicates that the cap can NOT go under a 175. in contrast it can go higher. and since revenues are basically unknown this year and the cap is never officially set until the spring no one knows what that will be exactly. further the loss in revenue this year will be spread out over 4 years in terms of the cap. so imo anyone who says the cap is 175 or 176 is misunderstanding the agreement. that being said...i dont KNOW for sure so maybe youre right. however, if you are, one third of the teams are already over the cap and we will see mass chaos in 2021 with players being cut from some of the best teams and little cap space league wide for them to sign elsewhere. Im not sure thats in the best interest of the owners, players or the league especially due to a glitch that no one could have possibly seem coming. thus its hard to fathom that the owners and players both agreed to deal of lowering the cap by 15 million.