Packers making moves, or refinancing?

Packers cut LB A.J. Hawk today. He has a 10.5 million dollar raise in his contract and could very well rework his deal for a smaller amount.
What's weird to me is that by doing this they are leaving the option of other teams contacting him. There are plenty of contenders that run the 3-4 scheme who wouldn't hesitate to pay big money to solidify there defenses. The Jets come to mind, especially because of the way they are now stocking up on big name and play type players.

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