Oh my. I know you were hoping for a lot of answers here but in over 400 views I'm the first. Why? Oh my! This is just not good and to be fair the folks on the forum are likely not going to spend hours trying to figure out how to get you out of this mess, it's complicated. I have played CAP leagues for years and I don't recall any GM being 29.5 Mil over the CAP. 15 - 20 is on the high side but not uncommon, and that's still a shit load of ass pain to try and deal with, been there and done that. I don't know what your league is like, but if it's like most CAP leagues the other GM's are lined up to put it to you big time and the reality is you either drop guys or take what is being offered, pennies on the dollar. Cut throat, but that's the way it is. All the ideas you had and then some need to be pursued, you can lessen the damage, but I think your team is taking a big hit for the coming year. One strategy I will suggest is look to retool with some younger players, in other words trade vets and the big CAP hit for prospects on ELC's and for draft picks this year and next. You take a step back this coming year, but you can come back strong the following year is you move the right players and add the right players. Anyway, a challenge for sure and it's not the end of the world, but you're likely in for a busy summer/fall prior to your draft to get compliant and re tool your team. Good Luck.