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In a reserve clause set up (which 1951 is supposed to be) the revenue will far exceed the player contracts. The game reflects this with much higher revenues.
If you choose to play a historical year prior to the 1970's with free agency but don't change the financials this will happen real quick- again as mentioned there will be a massive surplus of money and the players want it.
For historical over time and free agency I tend to have to pick one financial setting from the start and play it through without allowing it to change over time. The game itself does not compensate to make the player salaries right if you play FA in a what is supposed to be a non FA world
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