Craig, I had them at $10.5 under, pre-Fulmer. That did not account for any exposure resulting from performance-related incentive bonuses.
I wonder how they think about the lux-line stuff. For example:
1. We cannot and will not go over. Even if we're having a stunning season and in first place at the deadline, we will not go over no matter what. Or
2. We don't want to plan to go over. But if we're hypothetically having a division-winning season because some guys are having great seasons and hitting incentives, we'll be happy to go over. If we're having a division-winning season with a chance to win a playoff series, maybe we'll also be willing to add more salary and go further over with deadline pickups?
If the latter mindset was at play, then you might bump closer against it pre-season. If the team is losing and selling, you can sell a contract or two at the deadline to ensure that you stay under. But *if* they are willing to go over if the team is actually winning, then maybe they'd be more willing to bump closer against it to start?