...after Spurs finish a strong 6th and lose a cup final on the way.

I don't think Ange will want to build a team around someone who is likely off next year, so he might end up slightly sidelined. Ange isn't there for one year of glory, he'll be thinking about the following seasons.

I am guessing it's in the range of £100-125m. Bayern seem to have overplayed their hand a bit, thinking that Levy would feel the need to sell regardless of price, and coming in with multiple bids under the asking price. I wouldn't be shocked if they blink and pay up, but it seems like Levy may be content to keep him. If he goes for free next year, it's a lot of potential revenue lost, but Spurs are in fine financial shape (it's not a Barca situation). And Levy seems to think that there's some small chance that he stays & signs a new contract, if the year with Ange goes well and he likes the direction of the team. Seems remote to me unless Spurs win the league or something absurd like that happens.