FTP $750K in the money

[gloves]

Hello all..
So, yesterday I played in one of the FTP's $750k sunday tournaments. I did really well for the most part and end up finishing 11 out of 4025 players and cashed out almost $8k.

The following hand came up when we were down to 11 players. At this point I did not particularly know how the remaining players at the table played because I was moved from another table. All I could observe was that there were a lot of preflop open-shovings. So after folding a decent amount of hands, I took a shot with the below hand when it was checked to me.

FullTiltPoker Game #4300563546: $750,000 Guarantee (30799714), Table 77 - 25000/50000 Ante 6000 - No Limit Hold'em - 2:06:37 ET - 2007/11/26
Seat 1: ELIA (1,337,479)
Seat 2: tschueg (963,228)
Seat 3: Tim_Rantasha (1,043,819)
Seat 7: baykut (362,213)
Seat 8: ActionAaron (945,784)
ELIA antes 6,000
tschueg antes 6,000
Tim_Rantasha antes 6,000
baykut antes 6,000
ActionAaron antes 6,000
ELIA posts the small blind of 25,000
tschueg posts the big blind of 50,000
The button is in seat #8
*** HOLE CARDS ***
Dealt to baykut [Td 2h]
Tim_Rantasha folds
baykut raises to 356,213, and is all in

When I did this play I was the 11th out of 11 players. So I thought I could not any longer fold my way into higher money places considering that my M was dropping rapidly with the relatively high antes and blinds.

Harrington says that if your M is 3 and no one has entered the pot yet and you think: 1) there is a 50% chance that your remaining opponents will fold to an all-in bet and 2) you are 2-1 dog to win if you are called then; you can move all-in with a positive expectation.

I pushed because I thought there was a greater chance than 50% that the big blind would fold. I think in this spot he might be willing to call with his top 15-25 percent hands and fold the rest. As far as being a 2-1 dog; if he were to call with AKo, I think I am getting the proper odds.

Considering what Harrington says and from your experience, how would you rate my play? Would you have waited for a better spot to take a stand?