They do, but like in real life it's impossible to get rid of some players. I offered Amauri and Iaquinta for free to clubs and not 1 wanted to take their gigantic salaries.
My top scorer after 4 games is Bonucci with 3 goals. lol
To coincide with the release of FM2012 i have repacked and updated the Metallic Logo Megapack.
The pack now has 23,000+ Club logos, 1000+ Competition logos, all Nations, Continents and Flags and will be updated on a regular basis to keep it as up to date as possible.
Simply extract the zip file to your Documents\Sports Interactive folder and, having unticked your skin cache checkbox, reload your skin - it really is that easy. All you are downloading are the Logos, Flags and other Metallic logo associated files so dont worry about anything else being overwritten.
FM11 Megapack or older Users
If you have been using the logos and are up to date then you just need the updated flag pack and the new Trophies which are in the links below. Just extract the files to your Documents\Sports Interactive\Football Manager 2012\graphics\pictures folder.
The Trophy is Gold by default, but I have made a Silver and White one as well, so just rename each picture depending on which one you choose to have. Metallic Flags 12 Metallic Trophies 12