I would interview McVay in depth, first..

..and see where he is, mentally and emotionally.. if he's all into fixing it and staying positive and still "the guy" I would give him more leeway.. If he's sullen and removed and lovesick for home, or whatever, I would be more cautious to extend him long term - not contractually.. i would just keep him on a short leash..

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Friendship is like peeing your pants.. Everybody can see it, but only you can feel the warmth..