First, wouldn't we need to give back about 14M in salary to take on CP's 16M? That means JO goes or S&T for BBD or JG.
If a max extension were offered to CP, wouldn't that put the C's in danger of being unable to offer a max FA salary after 2012?
What about not worrying about a CP extension -- worst case scenario is that CP leaves (for where? -- who will have cap room to sign him other than us or low quality teams?), but best case is that we sign DH to a max deal and then sign CP with Bird rights (that would apply, correct?). CP, Dwight and Paul become the next Big 3 (or Big 5 if KG and RA stay for reasonable $$).