Not offering the QO was always dumb.
It's even dumber if he turned down a 4/40+ deal, which you knew before the QO had to be offered.
I agree with the second part. If we offered 3/$24M and he turned that down, that doesn't tell us as much. If we offered 4/$40M he's asking for 4/$60M or something, then you know he's not gonna accept the option, though.
All along I was against the qualifying offer because I thought it was likely he'd accept it and if we didn't offer one we could get him back for less than 3/$30M, which would be preferable to a 1/$15M deal. If we were offering much more, or he was adamant that he would only accept much more, say something in the 4/$40M+ range, then I agree we should have made the offer since he wouldn't have accepted it.
I still don't think we have enough info to know for sure that we should have made the offer, but I'll admit that the rumored information we have seems more supportive of those that thought we should make the offer than not at this point.