Let's say Feaster believes he found a loop hole. If it's simply a question of signing ROR then it's great move. If you are right, you get a very good player for the cost of a contract. If you are wrong, no big deal. Unfortunately, we are not dealing with just signing a guy. There is also the question of your 1st and 3rd round picks. So, the possible outcomes are:
1) You are right. COL does not match. You get ROR for your 1st and 3rd at the cost of the contract.
2) You are right/wrong. COL matches. Nothing happens, other than you further enhance your Kevin Lowesque reputation.
3) You are wrong. COL does not match. You lose the picks, and some cash for nothing.
(3) is obviously a disaster of epic proportions. (2) is what actually happened - IMO just makes us look like more of an Islander/Oiler quality franchise - but whatever. But I question whether (1) would have been such a huge "win". You would have obtained a good player, but nowhere near a "franchise" player that Feaster is trying to hoodwink us with. He would have been rather overpaid and the compensation depends on where we finish.
Therefore, my conclusion is that the potential reward was nowhere near worth the potential downside, and that, as EE posted a few days ago, Al Davis hath indeed risen from the dead and is running this franchise...