Salary cap yet to be announced, as is expenditure (8)
I believe the answer is:
spending
'is expenditure' is the definition.
(thesaurus)
'salary cap yet to be announced' is the wordplay.
I cannot quite see how this works, but
'be' could be 'end' (ending is a kind of being) and 'end' is present in the answer.
This explanation may well be incorrect...
'as' is the link.
Can you help me to learn more?
(Other definitions for spending that I've seen before include "Using money or passing time" , "expenses" , "splashing out?" , "'''Getting and ..., we lay waste our powers'' (Wordsworth) (8)'" , "Laying out time or money" .)