When did Bedard say that, because it's not what he's put in print. Bedard said he had heard they were going to approach him about a restructure and it wasn't believed to be a problem. He never indicates where he got his information on either the approach or it not being an issue. He said the other day he has only talked to Waters once all off season. He had contended all off season that it was his belief Waters would be back but he had no direct knowledge. But he never said what he was basing that on. Could be team source, league source (often agent or someone in league office privy to potential negotiations - and as Jason indicated there would have been some question as to what a restructure in year 2 could even accomplish), a teamate or the player.
Obvioulsy Howe heard about the restructure at some point and decided to run with it now for some reason. Probably because he was putting 2 and 2 together. That said, he was dead wrong about the cap implications rationale.
I haven't seen anyone do more than speculate that he may be asking for more money. And it could well be he is just refusing to take a paycut they thought he would be OK with for some reason... The team may have felt it had a quid pro quo deal in place. Only it's apparent nothing was in writing. They obviously wouldn't want to admit to agreeing to allow him to skip camp, it's so un-system, even for $500K in potential insurance. But he has no reason to trust them when they spent the off season trying to replace him at no small cost. Including paying a former #2 draft pick who never lived up to his potential $400K in advance on a $1.8M one year deal.
What if he reports on their terms or even the prior terms now and they choose to go with their young guys until or unless proven insufficient and he has no way of earning back his new per game or existing LTBE incentives while they sit on him as a cheap backup? With millions banked and concerns about being away from his family for 5+ months, why would any player take that deal unless they are one of the maladjusted ones we are all so concerned about lately who can't make it in life once their stage is taken away...