i'm not 100% sure i follow, so let me try. am i right in thinking, this guy is now a junior - and the season has already started (or just finished, perhaps) - and soon, the world will rollover, and you are thinking of cutting him right after he becomes a senior, in session 2?
if that is correct - if you cut him now - you do get money for session 2. often, session 2 money is valuable, and often, its not. usually you cut a guy so you get money next year - but hes a senior (or will be), so you get money for him no matter what. in the olden days, it was worthless to cut a senior, because you got the money anyway. but now you can get session 2 money for players you didn't recruit only (he is listed as sim ai - not as you - right? sometimes that gets messed up if he just was recruited in session 1 when you joined - if that happened, its pointless to cut him, because you get no money until next year).
anyway, if you can use the money in session 2, i'd cut him. if not, its basically pointless, but if you won't use him no matter what, its not like cutting him hurts. so i would just try to evaluate, what is more worthless to you - the session 2 money, or that recruit as a senior. if you feel like either has some value, just go for it - i don't think you can get this one too wrong.