Some basic answers about the CBA from ESPN

[RiggoRules]

Here was the most amazing quote in that article:

What happens if a team doesn't comply with the salary cap?
No team has ever gone over the salary cap, so this is a bit of an unknown. Could Commissioner Paul Tagliabue penalize a team by taking away draft picks? Or could there be fines? With some teams in dire cap shape, we could find out sooner rather than later. The Washington Redskins are one team to watch in this regard, since some other clubs which have studied the Redskins' cap closely have suggested Washington cannot mathematically get into compliance.

The big question is, can they renegotiate enough deals to get in compliance. The real doomsday scenario is if they can't. With only six hours left, we'll see. Because of the special 2006 rules, it is not that easy to do -- even with willing players. The best scenario possible is if they find a way to renegotiate enough deals to actually put them under the cap for 2K6 far enough that they will be able to be players in the FA market.