You actually aren't allowed to cut Landry this season, since you renegotiated him. This drop has been reversed.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.
But if you might be interested in a trade, I can take him off your hands for a fee.
I get it... probably could be a little more explicit. Its kindof a defacto "match" when nobody bids (though you dont have a choice). Being able to cut a dude's salary in half (and give him just one year) and then drop him immediately would be a pretty big loophole to avoid a significant portion of the cap hit or his previous contract.
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