Applying the logic of your first sentence then the club hasn’t honoured the contract either, by virtue of renewing it.
Parties to a contract can agree to vary, or renew it at in any time. That’s a basic and well established principle of contract law. As long as it’s by agreement (and how could it not be?) then an extension/renewal could not be in any way characterised as a party not honouring the contract that was superseded, because it plainly suits both parties to extend/renew at that time.
Your point that I took issue with was about Pep holding the club to ransom, which you’ve conspicuously failed to address. In what way did he do that?