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Well, I tried an experiment. I edited a player with one year left from 17 million to 7 million, and that added 10 million to my available for free agents. I was then able to sign a top pitcher for 31 million, edit my veteran back to full salary, and still hsve budget room left -- but zero for free agents. So it does not appear to have anything to do with future salaries, and in any case the same loguc would apply to trading for an expensive player with multiple years left. It just seems to be a completely arbitrary limitation. I wouldn't mind if it were predictable, but I haven't been able to work that out.
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