In addition to Shane’s suggestion on Media Manager, whether you have a tape or tapeless workflow, you can always delete the media from your hard drive and batch capture the media if and when you ned to re-edit. All this applies if you have the original tapes or tapeless media backed up.
You will still need to archive all other files from the projects. Audio, graphics, etc…
Steve Eisen
Eisen Video Productions
Vice President
Chicago Final Cut Pro Users Group