Fair enough i just read it different. He doesn't say "the Jazz likely did not want to offer beyond x amount"
He says they did not feel comfortable going above 50 as though he is aware that was offered. Oh well.
Yes, that's definitely what he's implying. He's implying that he's aware that $50 mill is what was offered. But I think he's blowing smoke, wanting to come across more informed than he actually was. He chose his words carefully... if he actually had evidence that that's what the Jazz offered, he would have phrased things very differently in my opinion.