Absolutely we would want to pick him up on waivers, because if he works out, it's like we just got an extra 3rd round draft pick all of a sudden, which could certainly help us out at a position of need.
Hell if he works out maybe we don't need to draft a defensive end next year. Same thing for Austin. If he works out, maybe we just try to resign Hatcher, or you look at Austin and Bass for the inside. You also still have Crawford coming back.
Making a low buy here, could really allow us to focus on finishing our offensive line or drafting a running back or a free safety. So many things we could do, simply by hitting big here.
Look at what happened with Leonard Davis and Marc Colombo. This guy was just drafted a few months ago, I don't care if he has red flags plastered all over him, we're not spending a draft pick on him, and we can pick up a super cheap contract for 4 years if he works out.