I think people who believe IT is not worth a max contract are going to be disappointed. I actually think he will not only be getting a max contract but will possibly be getting the Designated Player super-max. Here is why:
I went back and looked at the top 2 players (1st, 2nd) in the scoring race over the last 11 seasons. Here they are with their finish on the All-NBA teams (sorry for the mangled table).
Only 2 players (of 22 total) who finished either 1st or 2nd in the scoring race did not make an All-NBA team: Harden last year and Melo three years ago.
2 more players simply made the 3rd team: Melo (again) in '07 and Iverson in '06.
For these guys I looked up their team's records and as you could probably guess (especially for Melo), their teams were awful.
I did this because I am too lazy to look up the answer to my actual question: how many times has a player who finished either 1st or 2nd in the scoring race, who played on a team that won 50+ games, not made the All-NBA 1st or 2nd team? My guess is based on this probably very rarely.
Season 1st Place All-NBA Team 2nd Place All-NBA Team Team Wins
2015-16 Stephen Curry 1 James Harden None 41
2014-15 Russell Westbrook 2 James Harden 1
2013-14 Kevin Durant 1 Carmelo Anthony None 37
2012-13 Carmelo Anthony 2 Kobe Bryant 1
2011-12 Kevin Durant 1 Kobe Bryant 1
2010-11 Kevin Durant 1 Lebron James 1
2009-10 Kevin Durant 1 Lebron James 1
2008-09 Dwyane Wade 1 Lebron James 1
2007-08 LeBron James 1 Kobe Bryant 1
2006-07 Kobe Bryant 1 Carmelo Anthony 3 33
2005-06 Kobe Bryant 1 Allen Iverson 3 38