Basically teams have until saturday(31st) at 4PM EST to submit extensions to use current 2011 cap space.
I dont know if you guys remember, but we used a "incentive" in Donald Strickland's contract in I think 08 or 09, worth like 7M which carried over to the next season. It was basically a phony incentive that would never be achieved.
So, that extra 11M left right now will carry over to 2012. So add in the 35M right now(around there) for a 120M cap, plus 11M, we have 46M to use.
So, if Rogers isnt extended by tomorrow, we CAN'T use 2011 cap room, so he would have to be used for 2012 cap dollars.