There's nothing "doofus" about structuring contracts to fit under your cap ("backloading" them). Smart teams do it all of the time. We did it last year with Leonard Davis, and we've done it with most of the players we've re-signed lately (Witten, James, Gurode, etc.). In the past few years, it wasn't as big of an issue for us because we didn't have certain big-money players (such as a franchise QB) and never came close to the cap. Now it'll be more important because we've got a lot of talented players who'll need to be compensated.
It's the lame franchises who never contend or maximize their cap room who sign players to flat contracts or try to take the biggest possible hits in the first season (teams such as Arizona, Minnesota, San Francisco and Buffalo).
If Hamlin wants a $10 million signing bonus, his cap hit likely would be $2,271,666 this season. And because of the Rule of 51, it would reduce our cap room by less than $2 million. Or we could give him a split bonus, like we did with Witten, and his cap number would be only $1,438,333 this season, reducing our cap room by less than $1.15 million.