I do not know if this is categorized as a bug.
Before the first financial update, the TV contract should not yet be updated and this should be the TV contract of the league we are in in the previous season.
However, it seems that there is a sideway to know the TV contract of the new season.
In the Economy tab, we can see the player salary floor. (For example, in my league, I see that it is $ 260 044.)
It seemed that it is already updated somehow, which is 245%, 190%, 130%, 100%, depending on whether it is in Division I, II, III, or IV. So we can use that piece of information to figure out the TV contract for the current season (For example, I am in Division II, so the TV contract should be $ 136 865).
Is that accurate for the upcoming season? And is this a bug?