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You can sort of do both those things now.
When you look up players, one of the options on the left (the same place you find Batting Ratings) is Financial Info. Select that view, then click at the top of the salary column, and the players will sort from most expensive to least. Click again, and they sort from least expensive to most.
As for your second request, on the same view there's a column for years remaining on contract. Alternatively, there's a seperate page called 'Pending Free Agents' that lists players in the final year of their contract.
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