He's not even a $16m player pre-surgery. My guess is he gets something like a 1yr +1 team option around $10M, at best. I love IT like most of us, but he's cooked. That cartilage isn't coming back. He also hasn't shown well in terms of vet locker room presence either in CLE or LA. Not good.
2 years ago I said it would be crazy to offer him a long-term, near-max deal. When you're 5'9", you're playing a game of centimeters. All those crazy acrobatic finishes at the rim become blocked shots when you lose even 2% of your burst, and that's just to aging, let alone injury. No player under 6' has EVER performed (20ppg) into their 30's. I think Calvin Murphy had one 20ppg season at age 29 and maybe 2 other guys EVER scored even 15ppg in their 30's (stats of every season from every sub 6' player in history by age in that old thread). Little guys fall off a cliff around 28. IT's last season was historically good and an extreme outlier, but there's no way to transform your game when you're 5'9".