If I recall correctly, player salaries rolled back approximately 24%. Lidstrom was signed at nearly 10 mil/yr prior to it.
Here's a link
Thanks for the link. So the rollback occurred and teams like the wings still had to buy out contracts to get more lower priced players signed. I didnt see the video of the OP but i cant imagine the cap going down all that much, although i wouldnt have imagined a 37 mil cap when we were spending like 70+.