I have to agree, I can't see Levy letting Modric go for any less than £40m, being a year older and having a year less on his contract won't matter a jot to Levy.
There's only so many years you can have in the league without setting it alight, and reach a certain age before no one would ever pay that much for a player.
He's too old and yet again failed to have a fantastic season, there is basically no potential left, he is not a £40mil player, likewise the player can still push harder to leave than he did last season.
We had an offer for £32 mil for Henry iirc, yet he left a year later for £16mil, same goes for Vieira, and quite a lot of other players. A case of, I'll stay an extra year, I'll stay to help you get champs league, if we miss it you let me go easier. Players have made these deals in the past and from all the talk last year and this year, Levy has made such promises to Modric and, was it Ekotto, I can't remember who the other player who said it recently was.
In other words last season they could have gotten 30mil for Modric but they took a gamble, asked him to stay another season and hoped they'd get champs league football. Gamble failed, stating for fact Levy wouldn't let him go for less is simply wrong as we've seen it happen before.
Ultimately he's not the player Spurs need, they have defensive midfielders covered, they lacked on SO many occasions last year a dynamic midfielder to run into the box, more like Lampard, especially in the system they played with only one striker. So often they needed a midfielder to get to the edge of the box and score goals. 80+ shots I think he had, 4 goals, Spurs need a goal scoring central midfielder, they have Modric.
They'd do well to sell him and get a player they need more, same goes with VDV, he's not good enough defensively/workrate wise to play in midfield, and he's not good enough offensively to play upfront, playing in between just doesn't suit the team.
With the wingers they have, pure speed and great power on one side, they are perfectly suited to a 4-4-2 with 2 real strikers, a proper DM(of which they have one of the best in the league, and another decent one) and a more lampard style central midfielder.