Ryan makes a lot of sense as a potential reclamation project. That cap hit was always going to be a burden, but if you can get him on a 1 or 2 year prove it deal that anchor is gone.
I certainly wouldn't go above $2m at the very highest, and I only see him as a middle 9 RW, but if you give him the opportunity and he takes it, great stuff. If not, it's unlikely to break the bank.
We're really lacking on the right side - he'll never be a top line RW again but this makes too much sense not to explore.