yes they will allow it, I've done it in the past. as of right now he's just a player on your roster so edit your post, don't cut him, and once the trade goes through cut Nolte
hey I'm in need of cash. Depending on who you take at #2, I might be willing to trade my #3 for your #4 for a little bit of cash. Not sure your cash situation but if you have excess cash and want to move up to secure someone you really like the offer might be on the table there.