I believe Franzen and Holland would work something out, -- IF -- Franzen actually decided to hang them up... but I agree Kip, we're going to see Franzen on this roster for a loonnnnnggggg while. Ultimately eating up a roster spot that could be used more effectively.
If I were GM, I'd say screw it... and buy him out next off-season. What's gonna happen? Franzen signs with Boston and magically gets back to previous form and goes beast-mode... wait.., I best stop that right now!