So, it's just that you don't believe the company will hire former Captains because the cost is too high and they will be left out in the cold. Hence losers.
But wouldn't those same Captains making $100,000+ be left in a bad spot even if the starting pay were $50,000 at Envoy? Let's go with 50k to start and 10k raises every single year. It would take 5 years to get back to where you were and an additional 5 years to recoup your losses(not counting inflation).
Even this hypothetical contract would poach other 121 pilots and lead to at least one other regional going out of business.