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So, the Seals was actually the first stream series we did this year for FHM11. You can check it out on our YouTube page if you'd like.
However, to answer you questions;
Free Agency of this era (and really, up until the 90s) in all sports didn't really exist. Teams held rights of players until they retired. So you don't have to sign anyone you don't want to. Eventually they will sign with a minor league team or be assigned to the "Free Agent" team. They will keep improving (or getting worse).
Their attitude will change. Just watch the face icons. It will reset after a time if you upset them enough.
The two major things that start affecting the Seals (and other teams of the era) was expansion (as you'll lose some depth), and when the WHA comes into being. Then players now have an alternative place to go play. Some will refuse to sign, or if you forget to sign someone, they'll likely jump ship - and you'll have to wait for their contract to expire or the WHA team to fold (however you will hold their rights unless you release them).
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