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You can legally cheat when you were competing with other teams to sign up players. I think it's really a bugs in the programming...
Here's what you do:
1. outbid the other team by significant amount
2. for some reason, when they are outbidded, they immediately withdraw their offer. you can see whether they have withdrawn from the contract menu.
3. Once they withdrew their offer, then you can resubmit your offer again at lower value. This time you have no competitors
This is especially helpful for smaller team to compete against richer teams