In isolation that indeed is a huge number.
But, for the sake of discussion, the team budget is $314M (not sure which team - Check that, it's ATL). Is this a standard league startup or a couple of years in, and where are they - upper third of league or lower third. Maybe the general financials have inflated?
Is that number higher than any other current RP or comparable?
Other demands compatible or is he way out of line?
Is this team a contender? Or is he shooting for the moon to play for a lower end team?
I like to think there's some "thought process" involved in the AI demands.