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From my understanding, they almost all sign for the league minimum. That contract has no guaranteed money. Now teams do offer a signing bonus which is guaranteed but is usually small (like $20k). The higher sought after UDFAs can command 6 figure bonuses though.
As for players being cut, my guess is they were either not given a signing bonus or a small one where $10k is not altering your cap number much at all. And they likely needed to cut the person because they wanted to sign someone else and needed the roster slot.
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