I hope to heck our playoff hopes are not riding on a 34 year old pass rush specialist. He's at an age where he could easily miss a lot of time too, so getting depth behind him in this draft is critical no matter what we do. He could also fall off a cliff this year physically - again he spent most of his career at DE and they don't play at a high level this long typically unless you have Bruce Smith/Reggie White type talent.
Again, I'm not saying throw him away for peanuts, but at some point we need to find someone who can play that spot because I gaurantee you we are not going to pay a 35 year old $6M to do it in 2010. And I'd like to contend for the playoffs that year too.
If you can get a decent pick for him package to move up for a player, or pick up a "raw" DE who we can work on converting to LB, but still has pass rush ability. May or may not be as effective as Ellis for 2009, but at least you have someone in place for beyond and you have gotten him out of the locker.
Bottom line to me is he aint getting any younger, and he's going to be cut almost for sure next season and we get nothing for him. If there is a buyer for him this season, and a decent price tag, you got to look at the long term.
It will be a lot quieter in Jerry's office too...