I agree the cap increase is coming but that doesn't change the impact state taxes have. 7% tax rate on 8M contract is 560k, and if it's an 8 year deal, a total of $4M. It's lower than that given the home / away dynamics but even if you cut it in half it's not insignificant.The article explains what has happened, but does a poor job explaining what we know going forward that weakens the impact of their premise (the cap is expected to go up about 4.5 million a year this upcoming year, and the year after that, so a lot of teams have more money to spend).
The Devils, Rangers and Islanders are at a disadvantage to the no state income tax teams, but there are about 10 teams (the California and Canadian teams) worse off than them.