I've just begun a new game, and I'm trying to sign free agents. However, when I attempt to sign a player, the Board won't allow me to sign the player for anywhere near what they're asking (i.e., I'm trying to bring back Dubinksy, but the Board will only allow $984,000). This is odd, because I'm nowhere near the cap ceiling or the maximum budget (see below). I lowered the cap floor to see if that was the issue, but the same problem persisted.
Here's my financial rundown:

For the life of me, I can't figure out what could be wrong. I've never had this issue before. Anyone know what I can do to fix it?
Thank you.