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I would never cut someone who is worth contract. I did Tigers last year in OOTP XX I was even able to move Zimmerman by eating 25 million and I got a couple low level prospects. His money was gone no matter what I rather pay for him and get something in return.
Finance trick I also use is trading at the deadline when 1 year players are put in the block from the AI. The playoff teams are in the hunt. Most likely you aren't. But if the asking price is right and you have budget room then you trade for that player and immediately trade him eating 100% of that contract.
Then watch as the amount of terrific trade offers for high prospects you get. Some of those "win it now" teams don't have budget room so can't make the trade. What you are doing is basically being the 3rd team in like in the NBA. You eat the contract and get the prospects. The playoff team gets the star player and the original team gets a prospect or 2 and clears budget.
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