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I think we largely agree that Iwakuma is objectively worth 12 mil or so given the risks attached to his arm/health/stamina
What I'm saying is that Iwakuma was not a slave laborer. He had the right to say "you know...I don't like that offer enough to want to stay in Seattle for it" and he declined that choice. The Mariners must have done something SPECTACULARLY right to make it worth 6+ mil per year in discounts to be here...that's GOOD...both sides WIN there...he gets plenty of money, we get a player at a lower rate than maybe we "should" objectively, and he gets to play for the club he likes. Everyone wins...so why is that "unfair"?
It's not about the amount he was paid...it's about his happiness and ours. Everyone is happy about this deal...including Iwakuma.