I think the salary cap is mostly fine as it is. While I partly would be interested to see how a league works where teams have unlimited spending, you would likely get something similar to what happens in the world of soccer where pretty much the best teams continue to dominate and who wants a world where the Maple Leafs actually have the ability to dominate? However as a small argument against it, you still see even when a cap is in place, many teams are still plagued with mismanagement and don’t spend even when their team is good. The Panthers, for example, followed up their best season in a long time by firing their coach and trading away their best player in a deal that seems to have worked out terribly for everyone involved. Perhaps that is still beneficial though as you separate the better run teams from the poorly run ones and money ends up not making a large difference.