I think the last paragraph is the most likely and subscribe to Ross’s thinking. Having that much money helps w/ a rollover if you are planning to absorb the hit in 2026. It also helps with absorbing a 2025 hit if you trade him post June 1.
If Roux is right and the spending is minimal I see no reason for another high priced move that will cost money and draft capital to execute. It’s one thing to go after Cupp or the CB and it just cost you money, it’s another to be in the big time trade market if it cost you both.