Because you still have a dead cap hit of 10M.
People here want this cheap owner to eat 10M in dead cap for Conner, 10M for Ertz, 20M dead cap in a D-Hop trade, hell even 100M! in dead cap for Kyler.
We aren't talking about a billionaire owner, we are talking about the cheapest in the league.
All of that money is already spent (Except for about $5MM of guaranteed salary for Conner and $4 million in guaranteed salary for Ertz). It actually saves Michael cash to cut or trade these guys because he's basically accounting for losses already taken.
That's the idea around "Burning it down" and "getting right with the cap". You eat losses today and have resources for tomorrow.
I'm so flabbergasted that people don't get this that I believe they're being intentionally obtuse when bringing it up.
Yeah, it SEEMS the purpose of the restructure would invite a new contract, but haven't seen anything about that either.
EDIT: Restructuring a deal makes it more difficult to work out an extension, or at least more challenging against the cap, because you're stuck with a measure of pro-rated bonus.
Restructuring a contract usually means that you're stuck with the guy for at least the next two years.