It's not possible to split off all 50hrs and I just sit back and collect cheques, because I've been working with these companies for years now and I understand

It's not possible to split off all 50hrs and I just sit back and collect cheques, because I've been working with these companies for years now and I understand their business and what they want. I would be subcontracting out small tasks, like various bug fixes I'm stuck on, refactoring, changes to external libraries we use etc. The core of the work I would be doing myself. In terms of pay, he's working elance type sites for minimal pay, so I'd be doing him a favor.