I have seen figures on this thread relating to flecks value being in relation to twice his remaining salary and some that estimate his wage... Just as a note it appears these figures, even the more conservative ones, are wildly over stated against the average league 1 players salary!
The average league 1 player gets paid shy of £70k!
There is a huge gulf between league 1 and the championship which is just shy of £200k.
From this twice his remaining contract would value him at 70k, whilst I believe the jump in the money offered in the championship would form an incentive.
As another thought, why would he sign a new contract with us while he is in league 1 at perhaps 90k (above average by over 20%) when he could review his options and maybe even sign back with the sky blues at £200k if we were to be promoted?
I don't think we can read too much into things when we beat these figures in mind.
Source:
http://news.bbc.co.uk/sport1/hi/football/4898392.stm