Yeah, he's not going anywhere this year.
They may ask him to take a paycut, but it won't be big. I could see them extending him for another season and spreading his money out a bit (essentially a pay cut). They could also restructure his contract so that he is less cap hit this year and if he performs, he's fine, but if not, they can cut him and not have so much dead money.
I really can't see him going anywhere.