Stanley took a huge pay cut.
In total took essentially a 7.5M pay cut, and instead gets 10M in not likely to be earned incentives that aren’t known yet. So a chance to earn more if he (and perhaps the team) does things that he didn’t do this year. 2024 cap hit went down 9.6M to 17M.
Also 2025 is now a void year so this is his last year here. Next year's hit goes up 1.5M because he got a 3M signing bonus as part of this, but no base anymore obviously. He also can’t yield a comp pick due to that. But unless he wants to retire he’s playing for a lot of incentives AND a new contract so he’ll have plenty of motivation.
Brian McFarland is the only place I’ve seen details, split into several posts. Here is one:
https://twitter.com/...634931586973786