Bakh is right and FO is right. Bakh will be franchised, so they have a lot more time to negotiate this, so the team is in no rush. They value him, but there are a lot of considerations. They will likely have to dump/let walk Turner, Wagner, and Taylor just to stay competitive with the salary cap to keep him. Every action has a consequence and while yeah they could find the money it means mortgaging some other aspect where a fellow teammate may have to be dumped early or be put in a bad spot themselves.
The flip side is that if he blows out his knee tomorrow then his value diminishes incredibly. He wants a deal NOW commensurate with his skill level. And he deserves it.