The $6,175,000 is more than cap space, it's actual money.
This summer we find out if Gore, Singletary, Yeldon/Murphy + $6.175 Million cash, and a potential draft pick as compensation is better than keeping him.
Devin Singletary is the key IMO, we know who the rest of the players are. Is he ready to take the job by the end of summer? McCoy's that is.
This preseason will be the Singletary show at RB, and that's what I want to see the most.
I'm fine either way, that's just how I see it. Just end up with the best guys and let's go. I also don't think we get more than a day 3 pick for McCoy or he would already be gone.