I think it makes most sense to cut Brunell after June 1, 2006. That way we can eat the bulk of his signing bonus in 2007.
As for restructuring I don't see it happening. Just to clarify, many guys restructure, but very few if any take less money. In most cases restructuring means rearranging the terms of payment, not decreasing the amount of those payments.
A restructure usually involves replacing the player's upcoming salary with a signing bonus. This way the money gets spread over a few years instead of eating it all at once.
Since Brunell's 2005 salary is only $1.5M, a restructure will have minimal effect.
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