Like MP is saying cuts don't create holes. Cut the unproductive, save the cap space, and perhaps grow younger and more talented in the process. Your also creating a culture of accountability, which is worth something (albeit abstractly) to send a message to the rest of the team.
We are in the top dozen in cap space. Cuts, restructuring, and some clever maneuver mean the future sure isn't bleak. I can't predict a record but I can say the arrow is pointing up.

