If someone's offering to pay 75% of his wages we should take that. As CBK says, the club should pay (or top up) his wages because we agreed to pay them when he signed his contract. The wages have obviously gone up now but the club must have known that was likely to happen. You can argue with the likes of Barnard or Forte that a double promotion seemed unlikely so the swift double wage rise was unexpected but Sharp was brought in to consolidate our position at the top of the Championship. Promotion was expected.
He came in, earned his pay rise by doing the job he was asked to do very well and was then told he was no longer wanted so why should he take a pay cut? He has a family to provide for and we're talking someone on £15k-20k a week, not someone on £150k-£200k a week. Obviously that's far more than the rest of us get paid but this is his chance to set his family up for life. Why should he walk away from that?
I think most clubs subsidise wages when unwanted senior players go out on loan to smaller clubs - I doubt Cardiff were paying Craig Bellamy's full wages in the Championship, Spurs didn't pay all Adebayor's wages when he went there on loan - so why shouldn't we do the same? I also don't see how it benefits the club to pay him 100% of his wages to do nothing for us when we could pay him 25% to do nothing for us and get him in the shop window at the same time.
But we're not saying we won't pay his wages. He's still getting paid by us at a VERY handsome 20k p/w. if HE wants to play football rather than sitting about, then he should take some initiative here. If clubs are being put off permanent deals because of his wage demands, that's entirely down to him/his agent.