I'd rather overpay for a talented lefty who CAN throw a no hitter any given day (unless he walks 44) than a no talent middle teir career loser who will save $30m over a few years.
Perez is flaky and not a sure thing, I am well aware of this. But he also has more impact ability than most pitchers on the market, is 27 and won't have the pressure of living up to a contract after this year. I say at least make an offer.
Sometimes, it's best to overpay on real talent and regret it later than it is to invest anything in mediocrity.
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