They are paying him 11 million this year, correct?
Let's say they trade him and have to eat 5 million of the 11 million, just for example.
They have saved 6 million.
So then the question is, how much will be the tax cost of paying the 5 million of his salary?
I can't see it being 6 million or more. But there are non-monetary considerations of going over the tax threshold as well...
Now you've got me doing this...