I agree with most of what you said. But the part you are leaving out, is with an incentive laden contract, the cap hit rolls over to the next year on any $$$ earned via those incentives.
They will find a way to restructure, which will include EXTENDING him, with a "no risk" extension. Meaning they will, include roster bonuses for 2016, which are only paid, (and counted against the cap) if he is healthy. But to make it workable from both sides, there will have to be some sort of extension.
Restructuring contracts will NEVER include taking a pay cut. It's all creative accounting, but at the end of the day, if Bradford is on the field, he gets paid. And IF he stays on the field thru 2015, why wouldn't they want him back in 2016 and beyond?
All to often, it seems fans "negotiate" from their own emotional POV, without really putting themselves in the position of either the organization or the player. There isn't an agent, player or team exec who would allow themselves to have a gun put to their head, and leave themselves vulnerable in a situation like this.
To somehow think that the Rams are going to let him walk, cut him outright, or force him into taking a pay cut, without another viable option as good as Bradford would be even more foolish than bringing him back, regardless of what the fans have to say. LOL
For Bradford, he has plenty of reason to want to restructure, if he gets additional year(s) added to the deal. Again, it will be in the form of a roster bonus for 2016, and incentives for 2015. The bottom line, IMO, the Rams want him to be "the guy", but will be protected in the event he is injured again. But, if he manages to stay on the field, they will pay him his $$$. Which, in the long run, will be more than a reasonable number given the status of starting QB salaries at this point.
For those who seem to think that the $12.5M is unreasonable, its not even in the top 10 in the league for a starter. Again, if he is able to stay on the field, he is worth every penny of that.