Now that the Pels have given him permission to find a team that is willing to give him a max contract, and (so far) hasn't found a single one, it seems to me that a compromise is more likely.
I'm thinking a year extension at that compromised value would be a very real possibility. Pels get him next year with still another year left to look at his salary again next summer without worrying about losing him for nothing. BI gets a decent salary with an opportunity to show better skills to earn that max salary. Kind of a win-win for both sides.