This sucks (mostly because I should have just left McGahee in) but it looks like it is a hard cap/soft cap issue. I had LJ Smith and Shaun Phillips as Hard Cap cuts with the penalties allocated to the 2007 period. Both were done around 8:30am on November 1, 2007.
Here are the threads:
Phillips-
http://www.predsff.com/forums/showthread.php?t=11745
LJ Smith-
http://www.predsff.com/forums/showthread.php?t=11744
Not sure when the hard cap became soft last year (can't find it on the calendar) but this year it looks like it is 12am on November 1. I am guessing that is the difference as those cuts would push me just over the limit. Sorry for the confusion.