If there is one piece of a defensive puzzle that you could plug in to make the most impact on any average defense it would be a shut-down corner (a stud DE a close second). A shut-down corner will instantly make the rest of the secondary better by not having to worry about that side of the field.
I would be for giving Bailey the money that would be given to Woods (plus more, of course) and let Woods go to the highest bidder. We have "ok" depth at safety, and we have even thrown around the possibility of moving one of our current CBs to safety (that would be a switch
) adding even more depth.
Make the deal. Please, make the deal.