IMO.
1. They don't have true leverage over D-Law at this point. They've asked about a paycut but they know the depth chart is bare right now to really counter his rejection.
2. They may lose Gregory. I don't think they are willing to lose both, and possibly Armstrong and rebuild both DE spots in one offseason.
3. FA will provide depth, but not close to a starter IMO, unless of course someone like Miller wanted to come here/work out a reasonable deal.
4. The draft is where they could go back to D-Law with another pay cut or get cut scenario. Say just for example they draft a LDE like Karlaftis, Cam Thomas(SDSU), Hall (Houston) etc.. they don't have proven talent but at least guys with starting upside and depth to rotate for life without Law. And at that point most teams have spent most of their cap/nabbed starters so the payday for Law could be less.