Let's not pretend the money matters. it doesn't. Right now, Toby is one of our top 2 LHD. He might remain that this season too, we dont know. So we let him go (and we didnt have a choice really as Toby has a NMC, so he decided) and then have to replace him anyway. Cheaper? Sure. But its not like Toby leaves and we suddenly have $5.6 million windfall. We'd spend a lot of that replacing Toby PLUS probably another D and everything else.
Jets have no cap issues whatsoever. Pavs contract out is the money for a new goalie +. Toby has one year left. Jets have no issues with honouring that contract and Toby fills a NEED right now, despite many people thinking otherwise.
Also, there was praise for Toby at the start of last season for his play. He got hurt, his gf got cancer, his play dropped off (the Jets D corp was a mish mash of injuries and whatnot). Ill cut him some slack. Will he play up to $5.6 mm this season? Probably not. But for his selfless act of waiving his NMC, I have ZERO problem with paying that last year and keeping him here.
The money literally doesnt matter whatsoever.