removing team option liability
 

I'm mid season and have a player with a $21M team option I'm not going to exercise. Is there a way to access the funds that are allocated for him for next year so I can use them to sign other player extensions?

Not in the middle of the season. You can go in commission mode to give contracts above budget if you must.

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I'm in challenge mode which makes it difficult to navigate around problems. I would assume if I just released him that would free it up? He has been sitting on the bench in AAA for 2 years so wouldn't be missed. :)

He just retired and the money still isn't available. It doesn't show on the salary for next year but neither do I have the funds there for "money for extensions". Maybe I'm not understanding the money for extensions part or when it is available?