http://sports.espn.go.com/new-york/mlb/news/story?id=5631085

ESPN features the above article saying that the Mets and K-Rod are going to an arbitrator to see whether or not they have the right to place him on the restricted list.  They have already saved $3.1mil in 2010 from this action which would become official.  If they want to do the same next year and essentially cancel the rest of his contract, they'd still owe him $1.9mil for 2011 and would "likely owe the $3.5mil buyout option for 2012". 

Question:  attrocious contract aside, is it better to be rid of K-Rod entirely?  Try to restructure his contract and keep him here (presumably for more years and fewer dollars per year)?  If we are cutting ties, who will close next year?