now he owes tampa 3.5 million...
http://www.denverpost.com/sports/ci_9534656
Retire in peace, Jake Plummer.
The Tampa Bay Buccaneers on Monday reached a settlement with the former quarterback for $3.5 million, according to two NFL sources.
The Bucs were initially seeking approximately $7 million in prorated signing bonus from Plummer, arguing that by retiring, the quarterback did not fulfill his contract agreement.
In the middle of this dispute was the Broncos. Plummer and the Broncos renegotiated their contract on March 2005, a deal that was transferred two years later to the Bucs in a trade for a conditional draft pick.
Plummer was benched in 2006 after a two-game losing streak left Denver's record at 7-4. In the final weeks of that season, Plummer told many people close to him that he planned to retire at season's end. The problem with that decision, though, was he still had years left on his contract, meaning he likely would have to pay back a prorated portion of the signing bonus he had already received.
On March, 2, 2007, Plummer faxed a letter to the NFL office stating his intention to retire. The next day, the Broncos traded his contractual rights to the Bucs in exchange for a fourth-round selection in the 2008 draft if he played, or a seventh-rounder if he didn't.
Plummer indeed retired, and the Broncos used the seventh-round draft choice they acquired from Tampa Bay to select fullback Peyton Hillis. The Bucs, in return, are expected to get $3.5 million of Plummer's signing bonus for a seventh-round pick.
The settlement would save Plummer another $3.5 million because precedent was on the Bucs' side. Even Hall of Fame running back Barry Sanders was ordered to pay back $5.5 million of his $11 million signing bonus to the Detroit Lions for retiring in 1998 with years left on his contract. And in 2004, the Miami Dolphins won an $8.6 million judgment against running back Ricky Williams, whose contract had been transferred from the New Orleans Saints.