After a clear example of why the current rule is inequitable:
http://www.predsff.com/forums/showthread.php?t=11437
I'm calling out you voters for the current rule to defend it over the other options. I like option 2 because it ensures multiple eyes looking at each team's cap situation to ensure compliance, and a trade is done as soon as it is confirmed - closing the loophole previously discussed by Popes. At least option 3 puts the punishment on the offending team. I just can't see how the current rule is the best of the 3.