Working back through it, I've found some "cheats" on Iron Mike. I can now knock him down at 1:16 in the 1st round, in the very best of cases, and at 2:54 of the 1st as well. There are a ton of little glitches that let you blow him away once u find them.

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12 team Full Dynasty w cap. 13F, 7D, 2G, 5B.
G 4.25, A 2.75, PPP 1.5, SHP 3, Hits 0.4, Blocks 0.5, PIM 0.25, DFP 1
W 5 OTL 1 SO 6 SV 0.25 L-1 GS 1

F:Stamkos, C Stew, R Johansen, B Dubinsky, Max Pac, Umberger, B Ryan, D Backes, T Ruutu, Lucic, Ott, MSL, Heatley, C Kunitz, J Benn, L Adam

D: C Fowler, Kronwall, A Goligoski, JM Liles, M Giordano, K Letang, N Nikitin, R Josi

G: J Quick, A Niemi, C Anderson, Rinne