I wouldnt either but as a free agent and wanting him to move that may be the price needed to achieve the moveI wouldn't be paying him close to $400k.
Honestly if he's been offered 250-300 that's good money for his current output.
If he can't get some mongrel and go to another level then he's just a depth/list-clogging player.
$50-$100k x 2 / 3 years would be nothing to a club with ample cap space wanting to bring in depth whilst in the window which bombers may think the are