No, but $16M is a lot of money.
I doubt it affects how Henry plans to open his wallet 2 years later, but it doesn't hurt.
Losing Pedey's contract will help.
Here's another look at next winter's finances:
Contracts expiring (or options/opt outs where noted) in Lux Tax Dollars:
$22.0M JD (opt out)
$13.8M Pedey
$10.0M Richards (team option)
$8.9M Ottavino
$8.3M Rodriguez
$5.0M Perez (team option)
$4.5M Barnes
$4.5M Vazquez (team option w $500K buy out)
$3.0M Gonzalez
$2.8M Beni
$1.9M Andriese (team option with $250K buy out)
Major/minor Santana
After 2022 (all option players kept listed above, including JD, Richards, Perez and Vazquez):
$20M Bogaerts (opt out)
$17M Eovaldi
$16M Price
$7.0M Kike Hernandez
4th arb Plawecki
$1.2M Sawamura (team option with $600K buy out)