So if he won’t take a pay cut to help the team get better players, how will his teammates react? Will they see him as selfish, or as protecting every player’s interest (getting as much money as possible as quickly as possible)? As a fan, I would see him as selfish.
I don’t think players would see him as selfish. Even if a player or players thought he was “over paid,” (hypothetically) I doubt they would expect another player to give money back.
It sounds like bad business from a player’s standpoint.