Indeed, as I have understood it, the 10 Million Euro was a rumor. Coast said it had been "taken out of the air," but they did not outright deny it (as far as I have read). The important thing is, of course, that Coast has come up with a better offer than CSC-Tiscali.
Ullrich's camp is saying that they think Coast has a stronger team to support Ullrich, and that is a key reason for not going to Ullrich's old friend Riis. They also stress that it is important that Coast get the GS-1 rating before they will accept.
And, the psychological war continues: I read this morning that US-Postal also made Ullrich an offer. Ullrich as Armstrong's waterboy? Frankly, I find that pretty crass. Ullrich was quoted as saying, "I will not be riding for, but against Armstrong." It would have been more dignified for him not to say anything, or dismiss it with more irony.
I absolutely agree that Ullrich is not worth that kind of money until he starts winning some big races again. But, I do hope he has a good season so that we can get back to the drama on the road and get away from the silly soap-opera of drugs and car crashes that we've had to watch for the last year.