The Ottawa Senators are circumventing the salary cap.
OK, that's a bit of hyperbole, which I believe is legally allowed when opining about hockey in early August. It's more accurate to say that the Ottawa Senators are circumventing "the spirit" of the salary cap.
They currently have a projected cap number of $65,859,999 (per Cap Friendly), with restricted free-agent forward Colin White yet to sign. That's snugly above the lower limit of the 2019-20 salary cap, which was set at $60.2 million. Technically, they're above the floor, much like, say, a cat's litter box is technically above the floor.