Yeah I think you keep him, hope he has a big walk year, and then offer him the QO at the end of the year and get the pick and salary relief.
If we are cash strapped it's probably best to work on the margins of the roster. Can DFA arb guys on the fringe like Thornton (1.1M projected arb). Try and trade Jansen (3.7M), Biggio (2.6) and Gurriel (5.8M) to fill needs and then look for some one year bargains in FA. If things are that desperate we could trade Cimber (3.2M) and Richards (1.5M) as well.
Reading between the lines on things Shapiro and Atkins have said and I don't think it's that dire of a payroll situation but I don't see us dipping into FA for any major moves. Could see us getting to 200 tops, but probably see us coming in at 190 or so.