Per ESPN the chances are pretty decent Griese resigns with Tampa:
<Mar. 11> The Bucs finally opted to release Griese, who lost his job to Chris Simms in 2005 when he suffered a season-ending knee injury after leading the club to a 5-1 start, ESPN.com's Len Pasquarelli reports.
Griese was due a $2.6 million roster bonus on Saturday that would have pushed his salary cap charge to $7.08 million. By cutting him, the Bucs saved not only the $2.6 million roster bonus, but also shaved $4.549 million from their 2006 salary cap.
Tampa Bay officials have been discussing a restructured contract with Griese's agent, Ralph Cindrich, and there is still a decent chance the Bucs will quickly re-sign the veteran passer to a more palatable deal. Cindrich acknowledged Friday night there is a proposal on the table and the two sides likely will resume negotiations on Saturday, with the aim of having Griese re-join the team.
It?s believed that Griese and Cindrich are seeking a contract that would protect the veteran quarterback in the event he regains the starting job. That would probably mean a deal with plenty of incentives based on playing time and performance.