Is that what we did with Nakamura? You assume that any restructure is simply throwing money at him and that isn't always the case.
Secondly we are already screwed for 9.6 million in dead cap space no matter what we do. That doesn't go away unless we figure out how to restructure him creatively. You keep talking about not keeping 2 backs as if the situation is just occurring. What you and the OP fail to see is that the damage is already done. Now the issue is to do the best thing you can with the cards you are dealt. I think that they can restructure a deal which keeps Williams a Panther, reduce the cap hit this year and keeps us from cap hell in the future since there is a reducing dead cap hit of 3.4 for each year going forward. No doubt he doesn't get all the money in the contract going forward, I doubt he even thought he would see all that. The issue is that there is no advantage to dumping him before June 1st we all agree. I think there will be ways to restructure him so we can save now and not push all the cap hit down the road.
"restructure him creatively"
This off season. Please, stop dreaming.
Why would Williams agree to a deal that pays him less money? That is not, creative of not, going to happen. We just don't have any leverage at all.
"Threaten" to cut him is like saying: I know we payed you $21M over that last two seasons, and we take a huge dead cap hit. So we think we are in a good position to cut you! You better agree to play from less money!!!
Not very likely. Actually just no.
That leaves a money up front deal. And that is just pushing to problem forward (however, might happen as a last minute squeeze under the cap but we are talking Stu kind of reconstruct levels, quit dreaming about freeing money for FAs).
$3,2M in dead cap 2014 and 2015. And get rid of his $5.75M base salary. The only question is if he will be a June 1st or just outright cut.
I actually think there is a chance that we see him back in 2014 in about a $2M a year 2 year contract. And that is if he feel that we have a shot at a deep playoff run. But with that $9,6M combined with an already terrible cap situation. There is no reason for him to sign anything this year.