I wonder if he was hurt, or just getting old?

Football Outsiders has Henderson having had a 47% catch rate - some passes were naturally incomplete passes and not drops. Still, that supports what I observed during this season; he dropped many catchable passes, which he would've caught in the past. Now, whether or not it was due to him having an off-year is beyond my deductive skills, but I just don't think the Saints can afford to spend a roster spot on him in the hopes that this past season was simply a fluke.

Morgan has shown that he can be that deep threat and that he has the skills to make some circus catches along the way. And Toon will, in all likelihood, need to get on the field on some plays to develop as a receiver. So where would that leave Henderson? On the bench is the answer, and if there's another team that would be willing to offer him a better chance of more frequent snaps - I would prefer for his sake that he takes that chance.

FOOTBALL OUTSIDERS: Innovative Statistics, Intelligent Analysis | WIDE RECEIVERS 2012

Some tend to think losing him is a big deal.