The more like route would be a short extension if Dallas were to do anything with his contract. He's the starter and he's been relatively healthy, so I could see Dallas restructuring the one-year deal into a three-year deal.
Despite how fans here feel, the team values him as a starter, so I don't expect anything negative to happen concerning him. I've stated that I would rather see us sign Leary and let Collins and Green battle it out at RT for a couple of reasons, but I think those who really feel Dallas is going to do something about Free are in for a huge letdown.
He's been an average starter and the Cowboys seem perfectly happy with that.