it cancels out all of your prior recruiting efforts. but it does a little more than that too. lets say you want a guy as a backup. you want a guy as a backup; you don't want to sign him over someone else but you want to have him green in case. as you are going through giving him the cvs, you accidentally offered him a schollie. no big deal right? it only cancels your prior recruiting efforts so just cancel it and you're only out $100 right? wrong. every dime you spend on him that cycle will count for absolutely nothing. he will take all your cvs still, but none of that effort will even register. he hates you now. you can probably get him back by spending money the following cycle, but i never tested that. the one time this happened to me i just decided to forget that guy and the 12k i spent on him ever existed.