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AlbaNY_Ram
As I understand it, Donald isn't trying to renegotiate the terms of his current deal - he and the Rams are working on an extension to that deal. If they do agree on an extension it would be a deal for the 2025 season and beyond rather than paying him more money for years that are covered by his current contract.
The extension might include a restructure of his current deal (such as converting some of his 2022 money into a signing bonus, which would give the Rams some cap relief this year), but any new money wouldn't kick in until the 2025 season.
However, he is threatening to sit out this season if the Rams don't give in to his demands. A season that he is under contract for.