I'll bite. There needs to be a number 2 receiver in that equation somewhere to take the pressure off of Evans. Someone with Josh Reed's skill set, perhaps, but more clutch playmaking ability. The guy who will catch passes and draw coverage when Evans is blanketed, a la the Denver game.
Moulds can certainly be that guy but he's costing us an arm and a leg in that role and I just don't get the impression he wants to be here, nor is he interested in making the kinds of connection that Losman was/is starting to make with Evans. I made this point some time ago and was lambasted for it -- at some point you have to decide what your team's identity is. Through no huge fault of Eric, this team's identity has been a losing one for the duration of his tenure (if an identity existed at all). He has been a pretty good Bill (though never the inspiring leader I look for in a guy I'd call a 'great' Bill). But maybe he needs a new place to latch onto and finish it out. And maybe we need for him to leave, and to pick up a serviceable veteran who believes in the program and can play #2 well. The money would probably break out about even, but having the extra cap space to keep Eric means we also have the cap space to absorb his cap hit.
I hate to say it, but it's time to replace Moulds. Not merely to cut him, but to replace him.