I agree with you in principle, but Freddy has to be reasonable as well. Over the course of the next three years, I think we will start to see Freddy become more of a role player as CJ continues to develop and Freddy continues to age. I think that transition may happen sooner rather than later, though Freddy has made a career of defying the odds and exceeding expectations.
Even if Freddy's production begins to decline, he provides intangibles and is an excellent leader and person. I have no problem with rewarding Freddy even with the uncertainty of his future role with the team... within reason. It cannot be at the expense of locking up Byrd, Levitre, and hopefully Wood if he recovers from injury as the core of the team, all coming up on their second contracts. Something along the lines of a two year extension, which locks him up for 3 years, where he makes about 4 million per with most or all of the money guaranteed would seem to be fair for both sides. I'd throw in a couple million more per year for incentives, such as surpassing 1,000 yards or scoring 10 touchdowns or more.