Let me get this straight, you were willing to sign a two year contract of a minimum of $20 dollars a month to save $200 dollars? So you would pay $480 to save $200 up front.
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Edit: So I double checked pricing. If you are adding it on to a current plan, its $10 a month for 24 months, so $240. Regardless, you are spending an additional $240 locked in to a 2 year contract to save $200 up front. Oh plus there is a $40 activation fee.
Verizon is ripping people off. They offer $100 off if you sign a two year contract (Thats their normal pricing). Plus a $40 dollar activation fee. That is absolutely horrible of them. Then they charge you $175 for an ETF, even though they are only giving you $100 off.