I think we're simply willing to let him go because in our scale, we don't believe Toby should be a top earner. We may think Kane should be, we may think Poch should be, and I wouldn't be surprised if we thought Eriksen should be. But Toby? Unfortunately not. Not with his injury history. Not with the fact he wasn't able to demonstrate he was a class above Sanchez to get back in the side. Not with the fact that he totally justifiably thinks he can get one big contract before he retires, and sees what VVD is getting, and wants a piece. I don't blame him for wanting to see what he can get elsewhere, and I don't blame us for keeping to our structure. It's one of the benefits of having a smart, long term strategy.
I don't think it's any more complex than that. We have a structure, lets say the new top earner will be on 180-200k basic per week. We may think Toby is worth 130, and if he was happy with that, we'd happily sign him up. But he wants more, and his agent is now in a period of seeing if he can get it for him.