I agree he should offer more, and I do think this is his year. He realizes the team needs him. Ronaldo is gone come summer 2022 and Morata is unreliable as fuck, probably on his way back to ATM after his loan expires. Dybala will be the focal point moving forward. We can't sell/release three strikers in the same summer and rely on an already injured Jorge. That would be a monumental fuckup, a cataclysmic catastrophe of epic proportions (yes, it sounds redundant, but it's for dramatic effect).
Next summer, we're going to need to replace both Ronaldo and Morata, buy one more midfielder, and probably do something about the defense and goalkeeper. Good luck Chimichanga.