IT companies eye $80-billion pie as contracts up for renewal in 2019
Information technology (IT) services players globally are snapping up contracts worth around $80 billion because these are coming up for renewal this year.
The upper limit that teams can spend to is currently projected between $78 and $82 million. That number can rise or fall depending on the actual revenue brought in between now and the end of the season.
It will also be affected by whether the players decide to artificially inflate it a maximum of 5% in hopes of better-than-expected growth in 2018-19. Regardless, it seems general managers around the league can begin planning for next season with about $80 million in available funds to play with.
Even though a vast chunk of these deals is in defense, historically Indian players have been the major beneficiaries in the renewal market, garnering share each passing year. Especially given the fact that a number of deals to be renewed are in areas such as banking financial services and insurance (BFSI), telecom, technology, and communication.
A large amount of cap space affords the best opportunity to add a proper number-one center, and you have to figure that is Plan A moving forward. There’s been some speculation about adding John Tavares, even from the Canadiens’ owner himself, so that is one possibility, and the Canadiens have the maneuverability to pull it off. The question is whether they can concoct a proposal enticing enough to attract such a star to the team to fill that role.