Let's worry about DJ first. I would rather get rid of excess baggage than cut the guys that are actually making a positive difference.
If you could work a blockbuster trade (which is highly doubtful) then go ahead, but otherwise we need him to beat teams like the Patriots. This is a passing league and his numbers are consistent year after year. He has always been a high-performing team player.
A restructured contract sounds perfect, and I don't know why he wouldn't want to help chip in to the superbowl effort.