I think Austin is much better than Jenkins and Jones though. When healthy he's a star. Of course, he's rarely completely healthy.
Agreed, of course about the rarity of health. Not sure that I'd see him as a "star," but he can't be any worse than bringing in guys like Levelle Hawkins, Donald Brown, or Michael Jenkins in my opinion.
FWIW--here's a bit of a more thorough list of possible cap casualties and restructuring candidates:
Santonio Holmes ($8.25 million + $1 million roster bonus + $250K workout bonus)
Sidney Rice ($8.5 million)
Steve Smith ($4 million + $3 million option bonus)
Stevie Johnson ($3.65 million + $1.75 million roster bonus + $275K workout bonus)
Miles Austin ($5.5 million)
Nate Burleson ($5.5 million)
Nate Washington ($4.8 million)
Lance Moore ($3.1 million + $500,000 roster bonus + $200K workout bonus)
Jason Avant ($2.25 million + $1 million roster bonus)
Davone Bess ($3.067 million)
Malcom Floyd ($2.75 million)
Earl Bennett ($2.35 million + $100,000 workout bonus)
Brad Smith ($1.3 million)
Matt Slater ($1.2 million + $100,000 workout bonus)
Jon Baldwin ($1,274,765)
Eric Weems ($1 million + $100,000 workout bonus)
Arrelious Benn ($1 million)