The way I see it, the only downside to putting Spencer on IR instead of cutting him is having to pay his salary, which is 445,000 for this year. Besides, if we cut him, I think we would have to give him an injury settlement anyway. I'm not sure if the settlement counts against the cap, but if it does, then if we cut him we probably aren't saving anything or very little.
I started suspecting a while back that Spencer knows he isn't going to be able to come back and is just stretching things out to max his dollars. Even if he is, though, I really don't have a problem with that. With all the money being thrown around in the league to guys who never have worked hard and guys who have never shown anything on the field, I'm not going to begrudge the relatively small amount Spencer will cost this year if he goes to IR. It's not going to make or break us.
All that being said, I hope I am very wrong and he makes it back to the form he showed two years ago.
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