to me, the flamini deal is easily calculated; if nocerino goes away, i'd give flamini somewhat over 2.6 mio per season. If noce stays, there's absolutely no need for flamini, i'd offer the 2 millions arsenal already offered (just in case he desperately wants to change team) and see what happens. Our big plus in this case is that we don't need him that much. He'd be an upgrade to noce, that's for sure, but it's not that we will splash the cash on him and he, as well as his manager, as well as arsenal know that. So, either we get him for under 3mio / year, or he can go. For under 3 mio i think we could do a good deal. It would be a limited risk, as we could sell him after a year or two in case he flops, and would not loose much/anything.
I rate his work, but he's not the player we desperately need atm