In a perfect world you don't pay ALOT for anyone. But that's all wishful thinking. You gotta pay for some of these guys.
In the end, I think he'll take less than $12M/yr. But, like I said before, I think the length of the contract will be the bigger problem. A deal (with 2012 redone) that has, roughly, 2012-2014 for $30M, or a LITTLE more, is something I can live with. A deal for 2012-16 for $50M or more? That's alot harder for me to be ok with.