Well...
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To be honest 100k is way too much for a player of his quality, I'd rather lose him on a free and have his wages to negotiate with on a new signing who is top notch.
There is a limit to why he can do because he's not playing in his natural position for starters and last season was a struggle for everyone. Theo was one the few players to hit double figures for goals and assists. Post the invincible era, Theo has been one of our better wide players and it's not even his natural position. Rosicky, Nasri, Hleb, Gervinho, Reyes...they have all struggled out wide too.
He can't do anymore on the flanks besides what he's doing. Double figures for goals and assists is very good for any winger and Theo isn't a winger.
As usual, some people are mixing up whether Theo has done anything 'wrong' with whether he is entitled to seek a better pay deal. The player is entitled to do what he wants.
I don't see a massive anti Theo sentiment, but what I think people are a bit frustrated about is his failure to sign a new contract with us (and the fact that it is his representatives who have walked out of talks) when the stance that he appears to have adopted is out of kilter with his consistency. It is easy to forget that he played in the first match at the Emirates in 2006, having been signed for a fortune for his age. The general feeling is that he hasn't quite realised his potential -hence the antipathy with him seeming to be a bit of an 'RVP lite' in his approach to re-signing with us.