Per Espn.con Boston............
2012: Owed $1.64 million for the remaining 5 games.
2013: Owed $4.225 million in base salary (none of which is guaranteed), can earn an additional $100,000 in a workout bonus
2014: Owed $6 million in base salary (none of which is guaranteed), can earn an additional $175,000 in a workout bonus
2015: Owed $6 million in base salary (none of which is guaranteed), can earn an additional $150,000 in a workout bonus
2016: Free agent
*Note: If Babin produces 2.5 more sacks in 2012, his base salary for 2013 would escalate by $400,000; if he produces 4.5 more sacks in 2012, his base salary for 2013 would escalate by $500,000.
(All contract information provided by a league source).
So what does it all mean? In a nutshell, a team that claims Babin would only be responsible for the $1.64 million that he is owed in 2012. Beyond that, the team could cut ties and not have to pay Babin any additional money.