Plummer's case is closed
It's a done deal.
The Bucs and retired quarterback Jake Plummer have reached a settlement in a grievance filed by the Bucs that sought to recover $7-million of a signing bonus paid to the player for a contract he failed to fulfill.
Instead of the full sum, we've confirmed the sides have settled the case for roughly half, or $3.5-million. Wednesday's hearing before an arbitrator in New York has been canceled. Plummer faced an uphill climb had the case gone before the arbitrator given the precedent set by other cases.
The Bucs filed the grievance last summer when Plummer failed to report to training camp after his trade from the Broncos earlier in 2007. The Bucs continued to have conversations with Plummer aimed at convincing him to join the team, but Plummer declined and remained retired.
The contract, re-negotiated with the Broncos in 2005, called for Plummer to play through 2009. The trade from Denver to Tampa Bay gave the Bucs all the rights provided under his contract, including the right to enforce its forfeiture clause.
Also, the Bucs confirmed today what we told you some time ago: The team will in fact receive a 2009 salary-cap credit for the amount recovered, in this case, $3.5-million.