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Ian Rapoport reported last week that they tried to sign him back in October for (wisely) less money. It was likely around the time he had 12 sacks in 8 games, thus he turned it down and essentially bet on himself.
It paid off, literally. You have to consider all of the things that can happen in the months from April-July before just handing the money out (see Jason Pierre-Paul). They played it just right.
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