Look, I don't want to be a Leafs apologist. I thought they lost because of no other reason the group's mentality. Specifically, the team/players were good enough but they choked. That being said, below is something I haven't heard a lot of people comment on:
These were the on-ice cap values (not the cap hit to each team) for each team for the deciding Game 7 in the 2025 playoffs 2nd round:
Florida: $96,275,000
Toronto: $86,454,872
Clearly Toronto is at a disadvantage there. $10m buys a good amount of depth. Sure you can put that on management or the "coincidence" of the situation but it belies the situation that if Toronto had of won the series, it would have been in some terms an upset. In a hard cap league that's quite an anomaly.
Maybe the answer for a team to receive LTIR cap relief the player has to be out for the entire year, not magically come back for the playoffs, or maybe have the LTIR space continue in the playoffs in the same form as it functions during the regular season?
In the NFL, if a player is injured and the team receives insurance proceeds, the amount is credited to their salary cap in the following league year. They get extra money to spend the following season based on insurance payouts, which in a revenue spit CBA situation, kinda makes a lot of sense.