Obviously don't know the situation here specifically but, generally this happens a lot in FA markets in sport. Specifically if you follow football you know that Wes Welker just left the Patriots over a "disrespectful offer" but ended up signing with Denver on a SLIGHTLY WORSE contract.
It's a pretty generic cycle tho: Athlete negotiates with team, gets offended that they won't give him what he wants, says angry things, hits the FA market, discovers that really WAS his value and then salavages his pride by signing ANYWHERE but his original team so he can say "it's a fresh start, I got what I wanted".
Good luck Fil. I'd have kept you at that price buddy. Win Steve some games.