Yes - they should be eligible
No - they should not be eligible
Current Rule
Contract Renegotiations (Extensions)
Each team is allowed one contract renegotiation per off-season. Players that were on the official NFL IR list the previous year are ineligible. Players must be under contract for at least 1 year after contracts are cycled to be eligible. UFA rules will be used during a contract renegotiation.
A price floor of 50% of the current salary will be utilized to begin the bidding. This is the lowest the player can be renegotiated for in the event there are no bids. The controlling owner will have the option to either match the high bid or let the player go to the highest bidder. If the owner matches the high bid the player may not be cut for 1 year. If the player is traded then this stipulation is removed and the new owner may cut the player at will with standard cap hits. Contract years will be due in accordance with the league timeline. The owner declining to match receives no compensation.
