Reworking deals?

[Direckshun]

So I'm screwing around with the salary cap calculator. I can get this team in a decent-enough position to stay beneathe the cap by about $3,000,000 if I:

(a.) Extend Alex Smith by about $15m/year.
(b.) Re-sign Schwartz to about $2.5m/year.
(c.) Re-sign McCluster to about $3m/year.
(c.) Re-sign Jordan and Powe to minimals.
(d.) Extend Berry to about $8m/year, lowering his cap number by about $4m.
(e.) Restructure Hali, which hurts our cap in 2015, but not fatally if handled in the other contracts, lowering his cap number in 2014 by about $4m.

There's still two deals on this team, after all this adjusting, that are vastly out of whack to their value. Bowe is at $12m/year, and Flowers is at $10m/year. (We can temporarily overlook Sean Smith's $5m/year & Fasano's $4m/year.)

How often do players rework their deals, if it's clear they're outsized contracts?

Suppose the Chiefs approach Bowe and Flowers and argue that they need to rework their deals to come out to about $8m/year and $6.7m/year, respectively. How common is it that players agree to something like that?

Last offseason, TJax reworked his deal to lower his cap number from $14m to $4m.

Bowe and Flowers could, ostensibly, threaten to hold out or demand a trade/release. But the Chiefs do have a starting corner-caliber player in Cooper, and the Chiefs could easily spend their 1st rounder on a WR, so it's not clear how much of an advantage that is.

The Chiefs, on the other hand, could cut either player, save about $10m in capspace doing it, and it's virtually impossible that Bowe or Flowers would find a better deal on the open market than what we're offering ($8m/year and $6.7m/year, respectively).

So the Chiefs have more leverage, right?

FYI, if the Chiefs follow all the steps I outlined above, and were able to rework both Bowe and Flowers' deal as I suggested, that would put the Chiefs $8m under the cap, which would allow them to chase down a premier WR or S. Or whatever value we could score.