orrrrr he could get 7.5M+ and live in a better city with less pressure and annoying media scrutiny and be even more of a star than he is in Toronto playing 3rd or 4th fiddle. Where he'll be appreciated and PAID for what he's worth. NY, any team in Cali, Vancouver, come to mind. But depending on his personality even Florida and some of the Southern States may work too.
I will agree with you on the media scrutiny, I can't imagine dealing with it daily.
City wise, Toronto is more than fine, TOR and MTL are the hockey meccas. If you are a player that can deal with the media, there is no better place to play. You are always in the spotlight as a star, endorsements, fanbase etc.
Pay wise, he should get paid what he is worth, 6-6.75, this is his worth, and I am sure the Leafs would be fine with that. Also, you play on a young talented team, which many other cities don't offer.
Now, for me, I like sunshine, outdoors, and less media BS. So if I had the chance to play anywhere on the west coast, that would be amazing. As I said though, hockey wise, MTL and TOR are the best places to play.