Absolutely not. So here is two ways to look at it. And we are hosed either way.
Also depends on how each looks at paying one players as if it hurts paying future players or not being able to. I was always one for the cap always works itself out. But in this case it would be very detrimental.
Extend him, and then it is even more $$$ that can't be paid to other players.
Designate him a June 1st cut, take the cap hit now.
Either way he will take away $$$ from other players.
The reasoning is, he can't do it, he will never be better than he is, or has been in the past. So why use cap space on him.
Time to make that change if he doest turn it around. Which is doubtful from the way it looks.