Ah, I see - you could have just said...
"Under your "possible" scenario, the Bills would be paying Peters about $1.4 Million to not show up this year, $1.3 Million to not show up or contribute next year, minus about $700K/year in fines, leaving him around $700K this year and $600K next year - before taxes and agents' fees, of course, which would then leave him roughly $400K/year or less."
(All of a sudden, doesn't sound like such a vast amount - barely enough to cover your or my bar bill, actually. )