As I understand it, the owner put in his offer and it was rejected...and at least two other owners (including myself) had offers in at 5 years and over $13mil/year and were rejected too. So we both pulled ours thinking the bidding was above that mark, and then Venafro went back and accepted the other guy's offer.
I understand why he accepted the low offer after the rest of us pulled our offers, but why was no one identified as the best offer? We only pulled ours because we were led to believe he was receiving better/higher offers. So in essence, that "agent" just screwed his guy out of another $7mil/season.