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Madden is pretty limited as far as contracts and money management are concerned. I don't believe there's any way to backload or frontload deals to make room.
But it's kind of realistic in the sense that you'll need to make some tough decisions at key positions. You can't sign Mahomes, Chris Jones, and Kendall Fuller to long-term deals while also keeping Watkins.
It's been a while since I've played franchise mode but I pretty much unload Watkins as soon as possible. Then I target OL for retooling. Fisher and LDT are both like 76-80 OVR but taking up massive amounts of cap space. You can find rookies just below that OVR range making a fraction of what they do and contribute just as well.
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