Louis Moult was signed from Wrexham, I doubt when we signed him his basic wage was very much at all. Pulling numbers out my arse but say we gave him £400 a week when he signed, and when we offered that extension he asked to match the highest earner at the club, say £1800 a week. £1400 extra a week for 2.5 years on the off chance someone meets our valuation of him. And if they didn't meet it, and we were stuck with him, you're talking around £150k in extra wages from what he was on should he see out the full 2.5 years, gambling on whether someone will come in and sign him. Factor in how skint we are and how McGhee will have maxed out our budget on dross like Blyth and Lucas, it'll be for the best that we didn't break our budget to match what he asked for.
If, indeed, that is how the story went...