jterrell
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If he wants to come back for a vet minimum type deal, then bring him back for cheap depth. If not, let him play elsewhere. Spencer's age, injuries, and unremarkable play make him expendable.
You can offer him 2 or 3x the minimum. As long as it isn't guaranteed it doesn't matter.
If he isn't better than minimum next training camp he won't make the team in all likelihood.
A 2 year 6m deal lets him feel wanted but no guaranteed money.
You buy his 2nd year in case of healthier player showing past abilities and he isn't taking minimum wage scraps.