FWIW, the rumblings I heard on XM yesterday were that it has more to do with the fact that we apparently put he and his family up in a hotel as the signing day approached so that no one else could find him to try to change his mind.
There was also a mention that Coppy "offered Waters a car to sign a below-slot deal", and that it was dismissed as being a joke. We obviously have no idea if that has any legs.