I'm not so sure how you come to that conclusion. According to Cot's:
By my math, that tells me $3 mill for this year and assuming a buyout in 2015, $12mill next year2 years/$15M (2013-14), plus 2015 option
re-signed by Cincinnati as a free agent 12/10/12
$2M signing bonus
13:$1M, 14:$7.5M, 15:$9M mutual option ($4.5M buyout)
buyout is deferred without interest