Silver Nuggets: Are the Senators effective spenders?

Our friend Muneeb A, who writes over at Caps blog Japers' Rink, penned a fantastic piece last week that looked at Washington's spending in the salary cap era. The goal was to look at the much-talked about correlation between spending money and winning, and although we're certain that exists at a league level, Muneeb decided to look at it by team, which led to some really interesting results.

Here's what he had to say about Washington (graph below):

The gray circles and line are league data over this time period.