And compare that to the payrolls of many rosters. The 110 million is less than the payrolls of the Angels (121), Cubs (144), Mets (126), Phillies (138), Red Sox (168), Tigers (133), and Yankees (213).
Had I thought more about it, I probably would have set the cap at an even 100. Although I doubt many more teams are in between the 100 and 110 million caps, I know the White Sox are one of them.