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Because of his age Scunthorpe are entitled to a transfer fee, which will be set by the tribunal after the two club's failed to settle on a price.
Laws told BBC Radio Humberside: "I'm hoping that we get the money that we deserve, he's a good player - he scored 20 goals last season.
"He's a striker with calibre and ability, and we wanted to keep him. Barnsley have got an excellent player on their hands and we hope they don't get him cheaply.
"If you look at Wycombe - they turned down £300,000 from Cardiff for Nathan Tyson and Hayes is better than him.
"The tribunal will have to make that decision, let's hope it's on our side."