Latest on Hossa, Luongo and the Rangers.
Spector's commentary on the Rangers' cap issues (link below) notes the following about the direction of the cap ceiling:
SPECTOR'S NOTE: The problem with that is the uncertainty over the status of the salary cap in 2010-11. If the cap declines to $52 million or lower it could seriously handcuff the Rangers if they commit too much to salary or long-term contracts. It could significantly reduce their action and influence in this summer's upcoming UFA market.
via Latest on Hossa, Luongo and the Rangers..
This of course will be the Kings' problem, too, if they make a big signing this summer (e.g. Hossa), and it will affect the Frolov negotiations as well.