Rather rash, no? Without getting feedback from other GMs and jeopardizing the league? We had a solution to the quandary for which I was about to call a meeting.
We would like to appoint you to manage the financial aspect of franchise budgets and contracts and relieve the CEO of this responsibility. As a nascent league, resources are limited and as such we all have to chip in.
We hereby authorize you to determine the budget for each franchise based on owner's net as worth as a function of Page's worth and budget. However - floor the bottom to be no less than 1/2 of Page. You can then maintain a spreadsheet - posted and updated here that will be used to maintain the financials and keep teams honest.