Traded a national player to get him, extended him to a new deal including a signing bonus... yes it's at least a moderate deal. It shows that our GM completely misjudged a player, that is a concern.
Yeah from the standpoint of cutting a player who wasn't making the team better it's the right move, but the fact that they made the moves they did to get this guy only to have it not do anything for them, that raises questions about the management here.
You bring in a guy with the hope he can contribute. If he doesn't fit what you thought you were getting you cut ties and move on. Welcome to pro sports. It's much better than previous regimes that would hang on to players for the course of a season (Hefney, Johnson, to name a couple, there's many more) when it was painfully obvious they were done.