Yes.
I'm in that exact situation in Hamilton. I maxed out scouting and prospect money. Still had 79m for payroll. So I figured I'd chase a few younger FA who'd still be contributors when the rest of my team were BL-ready. I signed 3(24,29,30 y/o) but the rest either weren't worth having at the going rate or were too old to help in the future. If your team has some players(mine didn't) that could compete with a few more pieces, I'd go hard after FA. If not, I'd follow the path I've taken.