Contract/Wildcards feature on CBS

[daltman]

Hey I am trying to figure out how the contract feature will work for my league, we do contracts, everyone starts as a 2 yr non guaranteed contract, which can be renewed for another 1 or 2 years after that period is over. How does the contract option work on CBS when you select it? It seems to me that they will have a 2 next to everyones name when they are added. Will that value go down to 1 next year? Some of the help boxes are confusing. What do you guys use the wildcards for mainly?