Since Fergo and The Fox are such besties, I would get into Fergo to get into the Fox about thinking of coming to Parra. They would both feed off one another and really compete hard to out do each other which would be great for our team. You never know our team being a genuine top 4 team, a stable environment, not in a rebuilding phase and the opportunity to play with his bestie maybe enough to make it happen.
Either way by the end of next year I would assess Fergo's form and either cut him if he has gone to plop, or give him a new 1-2 year contract reflecting his performances. Probably around that 250-300k mark.
If fergo is playing like an old man though I would look to sign someone else of course.