So every team HAS to spend a minimum of like 85 million, 100 million next year?

[theballerFKA Ace]

What's the penalty for a team not spending the floor limit?

[NugzFan]

Extra cash gets paid out to the players on the team.

[WayOfWad3]

Good question, I'll actually need to look this up

[boozehound]

Extra cash gets paid out to the players on the team.
This is correct. They split the difference between their actual salary and the floor among the players on the roster. Not really a big punishment.