I also thought this was a bad deal.
Sign up through Alliant credit union. 25% off discount included, buy phone from amazon for $150 or less and sprint gives alliant customers $100-$150 in a rebate for being a corporate customer .. The phone comes out to be free or better depending on Amazon's rates and service using sprint my way unlimited costs $60/mo after 25% discount. With no need to pay for your phone in installment plans.
Check pricing here: »
www.sprint.com/alliantAnyone can sign up for alliant cu to get the discount by making a $10 donation to a children's charity as alliant's website details.