His salary is as follows according to Cotts: 14:$3.75M, 15:$6M club option, 16:$8M club option, 17:$8.75M club option ($0.75M buyouts for each option)
Now if you waive his option for 15 do you also have to buy the other two years? That would be an extra 2,25 in addition to the pro-rated portion of 3,75.