What kind of chop?

[otbdave]

$280+20 Tournament - 22 Players - $6160 Prize Pool

Scheduled payout:
1st: $3060
2nd: $2000
3rd: $900

($200 unallocated in the prize pool, Ermie's mistake)

Current Blinds: 1500/3000
Time: ~3:40am
330,000 chips in play

Chip stacks and positions:
1: Dave Walasinski (75k)
2: Jon Goldberg (160k)
3: Peter Kalessis (50k)
4: Toby (45k)

Toby starts the conversation to consider making a chop. As soon as Toby makes the proposition, Jon demands $2500 and I say I will not chop if Jon takes $560 less than first place money with the current stacks.

We play 1 more hand and I decide to at least discuss some possibilities...

I say that I will not accept less than $1500, and Jon puts together the following chop:

Jon: $2500
Dave: $1500
Peter: $900
Toby: $900

Leaving $360 on the table to play for...

My thoughts so far are:

1. I generally hate chops, I am very confident in my end game.
2. I feel very confident in my play so far today.
3. I really do not like my position, Jon is just to my left with the big stack and in control. I have a lot of respect for his game and I find him to be one of the best live tournament players in Columbus, if not, the best.
4. Peter two positions to my left is not afraid to bubble at all, and I feel will defend his blinds aggressively.
5. I feel Toby has the greatest fear of bubbling but it will be hard for me to work against him given my position.

Should I accept this chop, what should I demand? Thoughts?

[PokerBroker]

This actually seems like a pretty fair chop. In the end it really is pretty equal to pulling $450 from 1st and 2nd to pay 4th place 3x their investment.

$2610 vs $2500
$1550 vs $1500

... with 3rd and 4th paying $900

With Jon having such a commanding chip lead AND position on you, I would accept this chop with no problems.

Also, your lead over the shortstacks doesn't seem insurmountable by any means. One lost race puts a short stack in contention and crushes your ship stack pushing you towards the bubble.

I wouldn't feel bad about this one.