31, injury prone and on massive wages. We got a decent 18 months out of him (given injuries etc), he got a massive payday a league medal, and to work with Fergie.
He's been a top pro throughout his time here and in his prime he showed moments of genius, but that's football. From the manager, and the clubs, point of view this season is pivotal. If we don't progress, or go backwards, then LvG will be in a very tight position going into the final year of his contract, if he made it that far, and the last thing the club needs is to be even having to contemplate is another change in manager, prolonging the instability following Fergies retirement.
Hence the investment, and with that level of investment there isn't room for luxury players like Falcao or RvP eating up massive chunks of our wage budget.
By the same token, when was the last time a player in their 30s took a pay cut to sign a contract extension??