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Mr. Scot
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I would guess something like converting base salary into unguaranteed incentive money he has a low chance of earning (e.g. bonuses for a super bowl victory or 1st team all pro selection). Or they could tack on a low cost voidable dummy year that spreads the cap hit over 2 years. But I think it makes sense for both sides. I don't think they have an heir apparent on the roster and there are too many teams in the qb market with more ammunition for them to get in a bidding war. But you can't keep him at a $41 million cap hit.

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