I think theres a question many people have been missing...
What about future years? Because structuring the deal as it is means we have more money for 26/27 and onward. For example if we extend him at some point, for 28/29 his amortization may be 0(or near to it), versus 2.4m. Unless we plan to spend TO THE LIMIT of PSR this window then theres no benefit to a lower hit this year for him. If hes not any good we dont keep him. If hes any good, we will trigger the option clause he will at most cost us 3m per year for 2 years. I think we intend to spend a lot, but I dont think we plan to push the PSR limits this window.