He's still an asset if you can sign him for a reasonable amount. It's not like we can go after FAs with the money we'd save on Hill. I think people are getting too stuck on the current numbers, when Utah could flip one of them at the deadline and still avoid the tax.
I think it depends on how much truth there is to the reports Hayward wants Hill back. If they are true, you still have to try and re-sign him. You can't just make a cost motivated move and then cross your fingers. Maybe DL has already cleared everything with Hayward, but I think it's just as likely this was insurance for Hill as opposed to a conscience decision not to pursue him at all.
And yeah, of course the big picture cap wise is always a factor, I just don't believe that is a bigger priority than signing Hayward. It also amuses me that people were claiming Utah wasn't using that cap space because they were too cheap, but when they use it, people then say they did it to save money because they are cheap. Maybe I was being a bit too dismissive of the cost factor, but the whole cheap claim just becomes much too convenient to throw around.