hhmmm wouldn't hurt his cause if he did offer to take a pay cut.
He's at a stage of his career where he doesn't have many seasons left, and a full season in the reserves may be the end for him.
End of the day the fans clearly wasn't happy with him latter end of the season, and I'm sure he knew that when he signed the contracted extension. I'd garner a guess he had nothing else lined up so he took the contract.
Being transferred listed has given him a clear indication that he's not in the new managers plans, so finding a club who may be willing to play him is advisable if he wants to keep his career going. He's fortunate to have the security of a contract here, which logically you can't blame him for signing.
Now we just have to see how determined he is to keep his career going, if that is finding a new club or trying to earn his place here we will see.
Maybe he plans just to retire after next season and cash in, who knows.