Quote ="St pete"Then why not raise the cap £100,000?'"
It may have been one of several options proposed.
There isn't that much widespread support for such a simplistic approach though is there?
This way, Clubs are incentivised to invest in player development. There's also a clear link to improving the national team.
Once you argue that these are activities that should be encouraged, it makes sense to outline criteria that must be met to be entitled to claim the exemption.