I'd have paid the 7 million for you, but ultimately a draft pick is better for a rebuilding team than a player (if anything, a good player with 400+ TPE is a hindrance) and NY seemed like they:
A- were going to be able to give you a better and more interesting season
B- were willing to take on players and move ahead of me in the standings, thereby giving me security of not falling as far if I don't win the lottery
C- if I'm lucky, they take on too many players, sneak into the playoffs, and knock out Seattle, making my S37 SEA 1st a lottery pick.