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In League Setup, Functions, there is an option to set all teams to being controlled by you. There are also options to erase player stats and league history after the one year that you mention, plus one that will release all players and schedule inaugural draft.
It's not really clear from your post what you are trying to do, but I bet you will find some combination of these operations that will do the trick. I would copy your .lg folder and do experiments on the copy until you get it right.
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