I think your arbitration numbers are way off, David Price this past spring just set the year 4 record at $19.75 million. His arbitration salaries will be closer to 12-16-22. Arbitration is all about precedents, player skill is not the only factor, what you "deserve" is irrelevant
And 35 million a season at 34 is also probably off, age plays a huge factor in FA, he won't get that amount.