i am a few years into my imported season from 11 to 12. here are my settings:
the average player salary is at 1.223M (i am in the offseason)
the current highest player is 11M on the 3rd year of a 3 year 26.5M deal
prior to the new financials i was seeing guys regularly sign for over 20 million a season. but since i used these settings it's been more in the 8-9 million range for the high end. it just gets frustrating when you want to sign a low end player with incentives and the game wont let you even offer it.
i guess we'll see if things change much as i get further with the new financial system...