What happened with the cap overage and the Shane O'Brien buyout?

The smoke has cleared and we know a little bit more about the Calgary Flames' 2016-17 cap situation than we knew a week ago. In short, it's not great, and there are two contributing reasons as to why: entry-level performance bonuses and the reported news that Shane O'Brien's June 30, 2014 buyout was an ordinary-course buyout (and not a compliance buyout) and thus counts against the cap.

Let's take a look at the specifics in turn.

2015-16 Cap Spending

Last season, the Flames accumulated roughly $68,327,125 in salary cap spending according to Cap Friendly's now-archived tracker. Their calculations are based on how many days a player spent on the Flames' roster and a calculation of their daily…