I don't get it, he already has clauses for extensions and hasn't met them since 2005. He could even meet them next year, why would he want to renegotiate?
The only logic I can find is 'give the guy an extension so we can sucker kids in.' and I don't think a good recruiter needs that advantage. A poor recruiter perhaps.
I don't get the advantage (of renegotiating) from either side.
jmco