$6.5 is too dear IMO, $6 would really be pushing it in my mind as well. However, I don't know what other UFAs are/aren't willing to sign in Edmonton. Obviously that information, which Holland may have one way or the other, would impact my decision.
Example: If none of the "often talked about" UFAs have any interest in signing in Edmonton, then I might be more willing to sign a $6.5 deal. But if you knew that Coleman (just randomly choosing 1 of the UFAs that gets talked about lots) was willing to sign for $X, then that needs to be taken into account as well.
People are going to look at the contract, or lack of one, as its own isolated event, when in reality it is going to be related to lots of other outside events as well. We might never get the truth behind the rationale as well. If Holland doesn't sign RNH, and does sign Coleman (against, just randomly choosing a name), then you will be able to make the comparison for what RNH signs for elsewhere and what we signed Coleman for. But if Holland does sign RNH, we'll never know what other factors played into that decision, because Holland will never say "well we TRIED to sign anybody but RNH, but they wouldn't come here, so we went with him". This isn't going to a situation like Smith last year, because RNH will likely get signed early, one way or the other.