I think you're forgetting the other option of retirement...
My commit about him getting cut was because if he's cut it might mean he's still looking to play another year if a team will sign him. Also cutting a player then signing them as a coach (which can be done, no problem) doesn't look as nice as the player retiring and becoming a coach (kind of like LS Rob Davis did though he's not a coach, but more in the management of players).
And yes I believe a player can coach and play at the same times as long as they're signed as a player before a certain date. Though it doesn't happen because duel roles would be very hard now.
Originally Posted by: beast