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James. I have leagues in version 6 and version 6.5
At the inagural draft in voth versions the initial player pool to draft from has thier contracts already assigned before you draft.
I have never seen a league where the salries were created after teh draft. There is an "adjust team fianaces" button to click, but it doesn't make or change salaries. It adjusts marketing / gate and those types of numebrs.
One team of ours was very intelligent and drafted all of his players by hand in the initial 40 round draft. He avoided the computer draftign him high cost marginal or declinging players as back ups.
Which in our league was a boon as we set draft order by team profitablity instead of finish
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