I would definitely bow out in a contraction scenario. You guys practically begged me to take over this team last year and this season I've forgotten to set my lineups over 50% of the time. Just not in it mentally.
If the contraction is 100% happening going forward, I would still manage the team for the rest of the year and unless you guys have any objections, I would probably also field trade offers for the high end players.
Basically, trading Crosby would be fun if the contraction is happening.