It really doesn't matter how you dice it with the donkeys, if Boyd is sitting at Red Hill chewing up 800k of cap for the next couple of years, and you count the significant upgrades to keep their pack together, their go forward might well be awesome when all are fit, but their back line, spine and halves will be sub par and their depth will be sorely tested when the inevitable injuries or suspensions occur.
Even if they somehow manage to get Boyd's contract off their books, the problem there is not that they are paying a spine player 800k, it's that they are getting poor value, and if he's gone they need to replace him in the halves or at fullback, and they need to replace him with quality. That's not gonna be cheap.
Now Boyd might take a pay cut, but he aint about to completely walk away from $1.6 million "for the good of the team". Particularly when one considers he's got f**k all chance of ever making up for that kind of loss of income post footy.