I just joined IBA and I have 3 open scholarships for next season. We're just a couple days in and we're still in exhibition at this point. It was mentioned to me that I should consider cutting all of my sophomores I have on my roster as they'll all largely be replaced by players I recruit in next season. I'm wondering how and when I would do that as a brand new coach; not a coach that accepted a new job, also; my team DOESN'T have any freshman (which I assume is kind of odd)
I was lead to believe if I did get these guys cut, it would increase my scouting and recruiting budget. but as best I can tell, that wouldn't actually help me until my second season, unless I'm missing something. Thanks as always for the help

You won't be able to rescind scholarships until after the season. The guys you have for this season are ones you've got. You would increase your budget for your second session, which could benefit you if you turn those resources into good players for next season.

Will cutting those players at the end of the season impact my prestige?

It shouldn't make that big of a difference. I don't believe cutting sim recruited players affects your prestige at all, and if it does, its by a very small amount and more than worth it by being able to replace them with better players.

how did you get a d1 school to play an exhibition game with? ;)

Cutting players won't effect prestige at all.

Frank, I know I guy....

To be clear, cutting players does NOT affect prestige.